Bitcoin Hashrate Briefly Exceeds 1 Zettahash Amidst Market Volatility

The Bitcoin network's hashrate reached a historic milestone on April 5th, briefly surpassing 1 Zettahash per second (ZH/s). Data from mempool.space, BTC Frame, and Coinwarz all confirm this achievement, although specific peak values and dates vary slightly due to differing calculation methods. This surge represents a thousandfold increase since January 2016, highlighting the network's enhanced security and decentralization, which makes it more resistant to 51% attacks. Despite this positive development, Bitcoin's price has experienced recent volatility, falling to around $77,000 on April 7th. This decline is attributed to a combination of factors, including escalating US-China trade tensions and broader market anxieties. The increased hashrate signifies the ongoing expansion and competition within the Bitcoin mining industry, even as market conditions fluctuate.