Bitcoin’s hashrate — a key metric that measures the network’s total computational power — recorded a sharp V-shaped recovery in February. This sudden turnaround has raised hopes that Bitcoin may end its five-month losing streak and make a strong recovery. Hashrate–Price Correlation Points to a Potential Upside Scenario A previous report by BeInCrypto noted that Bitcoin’s hashrate suffered a major shock in early 2026. An extreme Arctic cold wave swept across the United States