Bitcoin Surges Above $118K as Hashrate Hits Record 1.44 ZH/s Amid $4T Crypto Market Rally

Bitcoin's price surged above $118,000 in early October 2025, marking its highest level in two months and driven by a combination of macroeconomic factors, including a weakening dollar amid a US government shutdown and optimism about regulatory clarity. Institutional interest remains strong, with significant net inflows into spot Bitcoin ETFs and rising corporate adoption, contributing to a total cryptocurrency market capitalization exceeding $4 trillion. Notably, Bitcoin mining companies have seen a dramatic rebound, with the market capitalization of major publicly traded miners climbing to $58.1 billion, buoyed by advancements in mining infrastructure and strategic investments such as Google's stake in Cipher Mining. Concurrently, Bitcoin's network hashrate reached new all-time highs above 1.4 zettahashes per second, reflecting increased security, growing miner confidence, and the deployment of more powerful and efficient mining equipment. This surge in computational power underscores the resilience and industrialization of Bitcoin mining, although it also tightens miners' profit margins due to increased difficulty adjustments. Altcoins like Litecoin and Zcash have also posted significant gains, with Zcash hitting a four-year high amid ETF speculation and growing interest in privacy-focused tokens.