Bitcoin Hashrate Returns Near ATH, Forces BTC Difficulty To Grow 4%
Summary
Bitcoin mining difficulty has risen by 4% recently as the mining hashrate approaches all-time high levels. The hashrate reflects network security and demand for mining cryptocurrency. An increase in hashrate means tougher competition for individual miners and smaller rewards. The network's difficulty feature counteracts speed increases due to added computing power. As a result, the difficulty has also increased in the latest biweekly adjustment on the chain. At the time of writing, Bitcoin is trading at $69,700, up 3% over the past week.
