Analysis: Despite the healthy growth of the Bitcoin network, its market is still worrying

According to AMBCrypto, Bitcoin's price trend has stalled due to bearish pressure, and its network continues to show a healthy upward momentum. According to data from Coin Metrics, the hashrate recorded on March 1st was actually the highest ever on the Bitcoin network, once reaching 136 EH / s. The chart shows that Bitcoin's hashrate dropped to 31 EH / s in December 2018 and did not exceed 100 EH / s until November 2019. The hashrate bounced around 120 EH / s for a while and then reached a new high on March 1. The new ATH may be evidence that the computing power of the Bitcoin network has increased approximately threefold in the past year.