Bitcoin Hashrate Hits 1 ZH/s Despite BTC Price Crash: What Does This Mean?

Bitcoin just pulled off a massive milestone, for the first time ever, its network hashrate crossed 1 Zetahash per second (ZH/s). That’s a jaw-dropping amount of computing power securing the network, and it shows just how far Bitcoin has come in 16 years. Several trackers, like mempool. Space and Coinwarz confirmed the jump in early April, marking a 1,000x increase from back in 2016. It’s a huge step forward in terms of security and decentralization. But here’s the twist: while the network’s stronger than ever, the BTC price is heading in the opposite direction.

Same Milestones, Slightly Different Stories

There’s a little back and forth on when Bitcoin hit the 1 ZH/s mark; some sources say late March, others say early April. The reason for the difference? It depends on how each platform crunches the numbers, from how they measure block times to which nodes they pull data from. But that’s just noise. The big takeaway is the same: Bitcoin mining power is breaking records. Experts like Jameson Lopp and Mitchell Askew say short-term numbers can be choppy, but the long-term trend is clear: miners are scaling up fast and betting big on Bitcoin’s future.

All-Time High Bitcoin Hashrate, All-Time Market Worries

What makes this moment striking is the lack of correlation. The Bitcoin network has never been stronger, yet BTC’s price is sliding. In just a few days, it’s dropped nearly 10% to around $78,750. Meanwhile, over $6 trillion was wiped from U.S. stocks amid growing recession fears linked to tariff talks. Still, Bitcoin mining is ramping up, miners are expanding, upgrading, and staying committed for the long haul. This resilience in mining underscores strong fundamentals beneath the price dip. With all this unfolding, it’s time to dive into the charts and see what price action is signaling.

BTC Price Action Analysis

The BTC Price on a 5-minute chart reveals a strong downward trend following a sharp breakdown below the key support level of around $80,000. This breakdown was marked by increasing volatility and volume, which accelerated selling pressure. The price continued to fall steadily, finding temporary consolidation near the $78,000 zone before breaching that level as well. Currently, Bitcoin is testing a fresh support range between $76,000–$76,500, where minor buying interest is emerging. The RSI consistently dipped into oversold territory throughout the session, signaling heavy selling momentum. Although short-lived relief rallies occurred, they failed to produce a meaningful reversal as each bounce was capped below former support-turned-resistance zones.

Chart 1, Analyzed by Alokkp0608, published on April 7th, 2025.

The MACD further supports the bearish bias, showing multiple death crosses that coincided with breakdowns in price. While brief golden crosses did occur, they lacked follow-through, emphasizing the prevailing bearish pressure. The last few candlesticks show a reduction in downside momentum, with RSI still near 39 and MACD lines flattening slightly, suggesting sellers may be losing strength. However, the broader context still favors caution. The resistance around $82,000 remains firm, and unless price reclaims levels above $78,000, any recovery attempt could be short-lived. 

Conclusion: Strength Beneath the Surface?

Despite the recent decline in price for Bitcoin, the network’s all-time high Bitcoin hashrate shows strong resilience now apparent in the underlying fundamentals. While macroeconomic fears and BTC price drops plague the marketplace, the broader Bitcoin mining sector is going all in, doubling down on infrastructure and efficiency. These miners are banking on the future of BTC.

A sudden decline in price to $76,000 levels has shaken short-term sentiment. However, the fundamentals could not be stronger heading into the future. The dynamic of price and network strength could simply mean the market is underestimating the staying power of Bitcoin. While we are waiting for catalysts, this may be the moment in history worth looking back to when the network prepped for its next significant phase, even as the charts turned red.