# Bitcoin hash rate jumps 128% as price rebounds to $112,830

**Published:** 2026-06-18T10:52:30.124Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/cfab20e7-22e9-42d5-868e-3dfc976399e9

Bitcoin price rose 0.8% to $112,830 while hash rate surged 128% in 83 days, highlighting growing price‑hash rate correlation.

Bitcoin surged 0.8% to $112,830 on Tuesday, reviving after a dip and coinciding with a hash‑rate climb of 128% over the past 83 days, a swing that analysts say makes mining power increasingly responsive to price moves【1】.

| At a glance | |
|---|---|
| Price | $112,830 |
| 24h % move | +0.8% |
| Hash‑rate growth | +128% in 83 days |
| Catalyst | Bets on Fed rate cuts and miner migration post‑China ban |

## Price rebound and market sentiment  
The modest gain came as traders priced in a near‑certain 25‑basis‑point Fed rate cut at the September meeting, with CME FedWatch showing a 90.1% probability of a cut【1】. Despite the rally, broader crypto assets remained muted, lagging equity and gold gains. Corporate Bitcoin buying by firms such as Strategy (formerly MicroStrategy) and Metaplanet added a note of caution, as their share prices fell, underscoring the vulnerability of equity holders to Bitcoin’s volatility【1】.

## Hash‑rate surge and its implications  
China’s mining crackdown earlier this year drove the global hash rate down to 69 EH/s in June, triggering a price slump to around $30,000【2】. Since miners relocated to more crypto‑friendly jurisdictions, the network’s computing power rebounded to 174 EH/s, a 128% increase in less than three months【2】. The United States now accounts for roughly 35% of global Bitcoin mining, shifting the geographic balance away from China【2】. Analysts note that this rapid hash‑rate expansion ties network security more closely to price fluctuations, as higher Bitcoin prices incentivize further miner deployment.

## On‑chain and token‑omics context  
Current Bitcoin difficulty sits near 18.42 trillion, up from earlier in the year, and is projected to rise another 3.2% in the coming days【2】. The hash‑rate rise, while still shy of early‑year peaks, suggests that mining profitability is becoming more sensitive to price swings, potentially amplifying future volatility.

## What to watch  
- **$115,000 resistance** – a key technical ceiling that could trigger further hash‑rate inflows if breached.  
- **Upcoming Fed decision (Sept 16‑17)** – any deviation from the expected rate cut could sway Bitcoin’s price and, by extension, mining activity.  
- **Miner migration trends** – shifts in the geographic distribution of hash power, especially any resurgence of Chinese mining, could affect network stability.

The convergence of a rising hash rate and a price rebound underscores a tighter feedback loop between mining economics and market sentiment. Whether this heightened sensitivity will fuel sustained rallies or amplify downside risk remains an open question as monetary policy and miner geography evolve.

## Sources
1. Investing — [Bitcoin price today: climbs to near $113k on rate cut bets, but caution persists](https://www.investing.com/news/cryptocurrency-news/bitcoin-price-today-recovers-to-near-112k-on-rate-cut-bets-but-caution-persists-4230480)
2. Investing — [Bitcoin (Price and Hashrate Recovery) Vs China – The Takeaways. What Next for the Crypto Industry After China’s Ban?](https://www.investing.com/news/cryptocurrency-news/bitcoin-price-and-hashrate-recovery-vs-china--the-takeaways-what-next-for-the-crypto-industry-after-chinas-ban-2645066)
3. Bitcoinsbrain — [JPMorgan Changes Stance: Bitcoin Could Become the New Gold -](https://bitcoinsbrain.com/news/jpmorgan-changes-stance-bitcoin-could-become-the-new-gold/)

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Cite as: TrendWatcher, "Bitcoin hash rate jumps 128% as price rebounds to $112,830", https://www.trendwatcher.in/article/cfab20e7-22e9-42d5-868e-3dfc976399e9