Bitcoin’s hashrate reached a new all-time high of 179.4 EH/s on Apr. 5, according to data provided by CryptoQuant.
This took place on the same day the cryptocurrency scored its second-highest daily close ever of $59,101 on the Bitstamp exchange.
Alex DovbnyaCryptoQuant CEO Ki Young Ju claims that miners keep accumulating Bitcoin, and they don’t intend to cash out their holdings:
Network fundamentals are getting stronger, and those who make the network strong don't cash out Bitcoins to buy new mining rigs. They buy mining rigs with cash, not Bitcoin.
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Arman Shirinyan
Dan Burgin
Vladislav Sopov