Bitcoin hashprice has fallen to its lowest level in five years.

Bitcoin Hashprice is Declining

Bitcoin's hashprice has dropped to 38.2 dollars PH/s, reaching its lowest level in the last 5 years. This decline is attributed to the mining difficulty and hash rate reaching record high levels. Additionally, the price of Bitcoin has returned to 90,000 dollars.

Mining stocks have also experienced a sharp decline. However, most of these drops seem to be more related to a decrease in investor interest in artificial intelligence infrastructure.