Bitcoin’s imminent difficulty change appears to be heading towards a possible decrease, marking the first time in over 73 days, ever since February 12, 2023. The network has witnessed a notable difficulty upswing of approximately 22.62% since block height 778,176. Consequently, with the current block times in place, the mining participants of the network may finally see a drop.
Bitcoin Difficulty Expected to Drop 1-4% Lower; BTC Price Spikes 6% Higher
Present data suggests that the decline in Bitcoin’s difficulty level could potentially take place around May 4, 2023. The hashrate of the network currently stands at 332 exahash per second (EH/s) after experiencing a dip to 290 EH/s on Tuesday. According to statistics obtained from three data points (1, 2, 3), the block intervals, i.e., the time between each block discovered, indicate that blocks are being found over the ten-minute average.
Presently, the estimations for the next difficulty drop hover around -1% to -4%. However, with

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