The Bitcoin network recently underwent a difficulty adjustment, leading to a further increase in the mining difficulty. The adjustment also marked the sixth consecutive rise in BTC mining difficulty as it reached a record high. With this becoming a trend, it could affect the price of the flagship cryptocurrency, Bitcoin.
The Latest Bitcoin Difficulty Adjustment
The latest adjustment took place at block 818,496, with the current Bitcoin mining difficulty standing at an all-time high of 67.96T. The network saw a mining difficulty increase of 3.40% in the last 24 hours alone. This follows a rising trend in the Bitcoin mining difficulty average that dates back to the last 90 days.
The network has seen an overall 22.18% increase in the last 90 days. In the last 30 days, it has seen an 11.35% increase, while there has been a 5.07% in the last 7 days.
Bitcoin difficulty basically measures the amount of computational power needed to mine the next Bitcoin block. These adjustments are usua
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