Bitcoin’s security is assured by miners, whom are paid in BTC to provide computational power, compile transactions into blocks, and build the blockchain.
The total computational power provided by all miners on the network is estimated by a metric called Hashrate, and the complexity of the puzzle they must solve is called the Mining Difficulty.
The amount of hashrate on the network is highly dependent on the market price of BTC (Miner Revenue). As a result, the mining industry also experiences market bull and bear cycles.
