Bitcoin (BTC) hashrate reaches 6-month high

The Bitcoin hashrate spiked to 58,109,199  TH/s on the 2nd of May. This marked the highest the bitcoin hashrate has been in six months.
Additionally, the network’s hashrate has only been higher on three other occasions.  From the blockchain.com chart below, the bitcoin hashrate has only been higher in August, September and October 2018.The bitcoin hashrate continued to rise during the 2018 bear market until November 2018. The decline in hashrate that followed was short lived as