forex

Bitcoin's price is not the only number going up. As Bitcoin (BTC) set another new all-time high earlier this month at over $61K, its price has gotten many people talking. With large players entering the market every other day from Visa and Mastercard to Tesla, BNY Mellon, Morgan Stanley, and Meitu, institutional adoption has been firmly confirmed. Add to that unprecedented monetary dilution to fund fiscal stimuli that's eroding the value of fiat currencies and we have the perfect storm for BTC price to take off in earnest. But that's not the only number going up. Bitcoin hash rate registered its highest ever As BTC price (at the time of writing) looks to be recoiling to surpass the $60K barrier once more after the Federal Reserve announced it would likely keep its monetary policy loose with interest rates close to zero until at least 2023, BTC hash rate is also hovering near its all-time high of over 160 million TH/s, according to Blockchain.com.