Following an enormous drop in Bitcoin’s (BTC) network hash rate back on March 26, the premier currency’s hash rate increased between April 4 and April 6 by at least a whopping 33%, exploding from around 85–91 exahashes per second to roughly 122 EH/s, according to various data sources.
Historically speaking, Bitcoin’s native hash rate and overall price have been linked quite closely, with the two values — up until now — having shown a strong correlation of 0.77. This is because the higher the hash rate, the more expensive it is for a third-party bad actor to take over a network. This virtue of decentralization is one of key aspects that gives Bitcoin its immense value.