Bitcoin Breaks New Ground: Network Activity Up, Price Challenges Remain

Recent positive market developments have seen Bitcoin’s price recover from the recent slump. Following a decision by Donald Trump to halt tariff increases and indications of slowing inflation, Bitcoin buyers are returning in force. While some experts predict a potential surge to $100,000 this month, sellers remain cautious about a sustained price rise. The increased network activity observed within the Bitcoin ecosystem suggests that the current recovery may hold. This activity is evident through the rise of hashrate, an indicator representing the computing power securing the Bitcoin network, which recently hit its all-time high, exceeding 924.98 EH/s.