• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin: New Records in Mining Difficulty

user avatar

by Giorgi Kostiuk

6 months ago


Bitcoin mining difficulty has reached a new all-time high, marking its eighth consecutive increase over the past three months.

Increase in Mining Difficulty

Bitcoin mining difficulty indicates how difficult it is to mine a new block on the cryptocurrency network. The adjustment occurs every 2,016 blocks, approximately every 14 days, to ensure blocks are mined on average every ten minutes. This is necessary to prevent blocks from being generated too quickly due to increased hashing power and the addition of new mining machines. Difficulty has increased by 6.29% over the past 30 days and by 19.99% over the last 90 days.

Is it a Bullish or Bearish Signal?

Historical data shows that consecutive increases in difficulty may serve as either a bullish or bearish signal. For instance, during the last bull cycle, Bitcoin's difficulty increased nine times consecutively, coinciding with the market peak at $69,000 in November 2021. However, similar increases in 2018 did not lead to the same rally seen in 2021.

Current Situation and Predictions

Bitcoin mining difficulty rose to 110.45 trillion as of January 13. However, it is expected to decrease to 109.54 trillion in 13 days. Despite current challenges, analysts still affirm that Bitcoin is in a bull cycle. At the time of writing, Bitcoin is changing hands at $91,00.

Mining difficulty continues to rise, posing new challenges for miners. It remains unclear, however, how this will impact the asset's price in this cycle.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.