Bitcoin hash rate hits ATH after 34% YOY growth

Definition

This metric presents the percent change of the Bitcoin hash rate adjustment.

Over a 7DMA, Bitcoin hash rate hit 300 TH/s and continues to put in new highs.
During 2023, the hash rate has only had five single downward adjustments to show the consistency of the network and its current strength.
The hash rate has grown by 34% YOY and 50% over the past two years.
The China ban during the summer of 2021 was the biggest single event that affected the hash rate, which saw a drop of 35%.