BTC Hashprice Falls to Five-Year Low
Bitcoin's hashprice has decreased to $38.2 PH/s, marking its lowest point in over five years as both the difficulty and hashrate reach record highs. Concurrently, the price of Bitcoin has retreated to approximately $91,000, a 30% drop from its all-time high of over $126,000 in October 2025. This decline in hashprice is exacerbated by low transaction fees and a high network difficulty of 152 trillion. Mining stocks have also seen substantial declines, which analysts attribute more to reduced investor interest in Bitcoin mining rather than the fundamentals of the sector. Notably, the CoinShares mining ETF has fallen by 43%, reflecting broader market trends. As the hashprice drops, the industry's shift towards AI infrastructure initiatives becomes more prominent, indicating a transformation in the focus of Bitcoin miners.
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