{"id":21629,"date":"2025-04-11T08:03:35","date_gmt":"2025-04-11T08:03:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21629"},"modified":"2025-04-11T08:03:35","modified_gmt":"2025-04-11T08:03:35","slug":"bitcoin-hashrate-hits-record-high-amid-price-slide-is-btc-undervalued","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21629","title":{"rendered":"Bitcoin Hashrate Hits Record High Amid Price Slide \u2013 Is BTC Undervalued?"},"content":{"rendered":"
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According to a CryptoQuant Quicktake post<\/a> published today, Bitcoin\u2019s (BTC) hashrate and mining difficulty continue to reach new all-time highs (ATH), even as the price of the digital asset declines. The slump is largely attributed to growing global uncertainty surrounding escalating trade tariffs.<\/p>\n

Bitcoin Hashrate Defies Price Decline<\/h2>\n

Spooked<\/a> by US President Donald Trump\u2019s sweeping 10% tariffs on all countries, risk-on assets like Bitcoin are facing renewed volatility. The flagship cryptocurrency has fallen by 6.3% over the past two weeks and is currently trading in the low $80,000 range at the time of writing.<\/p>\n

Despite this recent dip, Bitcoin\u2019s hashrate and mining difficulty have continued<\/a> to post new record highs. As outlined by CryptoQuant contributor Yonsei_dent in a recent Quicktake post, this development suggests strong underlying fundamentals. The contributor stated:<\/p>\n

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While rising difficulty may seem unfavorable due to increased mining costs, it actually reflects strong fundamentals in terms of Bitcoin\u2019s intrinsic value \u2013 namely, its mining power and network security.<\/p>\n<\/blockquote>\n

\"cq\"<\/p>\n

For the uninitiated, Bitcoin hashrate refers to the total computational power used by miners to process transactions and secure the network, while mining difficulty adjusts automatically to ensure new blocks are mined roughly every 10 minutes, regardless of how much power is being used.\u00a0<\/p>\n

In addition, Yonsei_dent cited remarks from CryptoQuant CEO Ki Young Ju, who recently suggested that based on current hashrate levels, Bitcoin\u2019s potential market cap could reach as high as $5 trillion. For comparison, BTC\u2019s current market cap stands at approximately $1.6 trillion \u2013 hinting at considerable room for future price growth.<\/p>\n

Meanwhile, crypto analyst Ali Martinez identified key support and resistance levels for BTC using the Mayer Multiple. In an X post published earlier today, Martinez noted that BTC\u2019s next major support could be around $69,500 \u2013 about 15% below the current price.<\/p>\n

On the upside, if BTC can break past $86,900, it may be poised for a potential market top near $208,550. For reference, Bitcoin\u2019s all-time high currently sits at $108,786, according to CoinGecko data.<\/p>\n

\"ali\"<\/p>\n

BTC Stands Tall Amid Tariff Uncertainty<\/h2>\n

Despite the macroeconomic headwinds posed by global tariff tensions, Bitcoin has shown<\/a> remarkable resilience. Prominent crypto analyst CryptoGoos recently emphasized that there is \u201cno reason to panic\u201d for BTC holders, even amidst rising uncertainty.<\/p>\n

The analyst highlighted<\/a> growing accumulation by crypto whales \u2013 wallet addresses with significant BTC holdings \u2013 at current levels, suggesting that many large and seasoned investors see an attractive risk-reward opportunity. As of press time, Bitcoin is trading at $81,850, marking a 7.3% gain in the past 24 hours.<\/p>\n

\"bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

According to a CryptoQuant Quicktake post published today, Bitcoin\u2019s (BTC) hashrate and mining difficulty continue to reach new all-time highs (ATH), even as the price of the digital asset declines. The slump is largely attributed to growing global uncertainty surrounding escalating trade tariffs. Bitcoin Hashrate Defies Price Decline Spooked by US President Donald Trump\u2019s sweeping […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21629","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21629"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21629\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}