Bitcoin Hashrate Soars to New Heights Amid Rising Costs and Tariff Challenges

In a recent development, Bitcoin’s hashrate has hit a new all-time high, indicating increased mining activity and confidence in the cryptocurrency. However, the sector is grappling with escalating costs and tariff hurdles, posing potential threats to its growth trajectory.

Bitcoin Hashrate Hits New High, But Will Rising Costs and Tariffs Derail Growth?

Bitcoin’s hashrate, a measure of the total computing power used to secure the network, surpassed 850 million TH/s in March. This reflects an increase in miners joining the network and growing confidence in Bitcoin’s value and security. However, the industry is struggling with rising production costs and new tariff barriers, particularly in the US, putting significant pressure on mining companies and potentially reshaping the sector’s future.

MicroStrategy Acquires $1.92 Billion in Bitcoin

MicroStrategy, now known as Strategy, has made its second massive Bitcoin purchase in 2025, acquiring 22,048 BTC for approximately $1.92 billion. The firm was able to fund this acquisition through major stock offerings. Despite Bitcoin’s price decline over the last few weeks, which could lead to a potential liquidation crisis, Strategy has maintained its Bitcoin purchase plan. Since beginning its Bitcoin acquisitions, Strategy has reoriented its business around these massive purchases, inspiring other firms to follow suit. As of 3/30/2025, Strategy holds a total of 528,185 BTC acquired for approximately $35.63 billion.

Bitcoin and Crypto Market React to Trump’s Liberation Day

Bitcoin hovers above $83,000 after four consecutive days of decline. crypto market capitalization dipped nearly 2% in the last 24 hours as traders adopt a cautious approach ahead of Trump’s Liberation Day. Mining tokens, AI tokens, and meme coins are among the hardest hit. Bitcoin trades above $83,000 early on Monday, recovering slightly. Traders are preparing for Liberation Day on April 2, and top cryptos see modest gains. As Bitcoin attempts to break resistance at $85,000, consistent upward momentum could drive a V-shaped recovery.

California Empowers 40M with ‘Bitcoin Rights’ in Groundbreaking Digital Assets Bill

California is set to become the first U.S. state to guarantee digital asset freedoms for its nearly 40 million residents, thanks to a sweeping amendment to Assembly Bill 1052. Renamed from the “Money Transmission Act” to “Digital Assets,” the legislation recognizes digital assets as legal payment and protects crypto self-custody rights. The bill, amended on March 28th by Assembly member Avelino Valencia, also bars public officials from promoting digital assets with potential conflicts of interest. Bitcoin [BTC] and other digital assets are now designated as valid forms of payment in private transactions under the bill.

Cryptocurrencies Price Prediction: Bitcoin & Trump - American Wrap 31 March

Bitcoin trades above $83,000 early on Monday, recovering from a four-day downward trend. Crypto market capitalization is down to $2.783 trillion, wiping nearly 2% of its value in the last 24 hours. The Bitcoin price holds $82,000 as investors hedge against Trump’s tariffs. BTC edges below $82,000 on Monday after falling 4.29% the previous week due to Trump’s tariff uncertainty.