How does Bitcoin’s hashrate impact its price?

Bitcoin’s hashrate represents the total computing power securing the network. A higher hashrate indicates a stronger, more secure network, often correlating with bullish sentiment. When the hashrate drops significantly, concerns about security and miner profitability arise, potentially leading to price declines. Events such as regulatory crackdowns on mining or technological advancements in mining hardware can cause fluctuations in hashrate. Monitoring the hashrate alongside Bitcoin’s live price on btc price live helps traders assess network health and its impact on price movements.