Bitcoin Updates: Bitcoin Hash Rate Climbs Despite ETF Withdrawals and Global Tensions

Bitcoin’s hash rate continues to strengthen the network’s security, even as the market faces turbulence from institutional withdrawals, global tensions, and evolving regulatory conditions. Despite a historic $1.17 billion in weekly outflows from U.S. spot

ETFs—primarily from BlackRock’s IBIT and Fidelity’s FBTC— and briefly exceeded $106,000, fueled by retail investor interest and hopes for a resolution to the U.S. government shutdown. Improved risk appetite, along with a Senate procedural step forward on a funding bill, , with Bitcoin rising alongside stocks after the shutdown ended.

The hash rate, a vital indicator of network strength,

, signaling ongoing miner profitability and steady power expenses. This increase highlights the network’s resilience to supply disruptions, such as continued sales from long-term holders (“OGs”), without losing its structural momentum. that greater liquidity and supportive macroeconomic factors—like a possible Federal Reserve pause on rate hikes—have helped the market weather previous declines. Still, , finding support near $105,000 and facing resistance at $118,000, as ongoing OG selling and ETF outflows continue to dampen momentum.

Advancements in blockchain technology are further enhancing the digital asset landscape.

aimed at maximizing Ripple (XRP) holdings through smart allocation of resources. This platform enables users to utilize for cloud computing without needing physical hardware, positioning XRP as a flexible asset for productivity and growth. This move reflects broader industry shifts, to $180.7 million, driven by higher Bitcoin prices and increased demand for cloud mining.

Highlighting the sector’s divergence,

in Q3, with its shares dropping 20% due to rising operational expenses and reduced rewards after the halving. In contrast, in New York by pledging to cut emissions by 44% by 2030, resulting in a 37% jump in its stock price. as a major theme, with the conclusion of the U.S. government shutdown expected to restart delayed ETF approvals and crypto regulations.

Looking forward, Bitcoin’s trajectory will depend on how it navigates broader economic signals. While the hash rate and miner activity point to underlying robustness,

—including inflation concerns and central bank actions—remain obstacles. QCP Capital stressed that a move above $118,000 would need renewed macro support or a slowdown in OG selling, could revive bearish sentiment.