Bitcoin Difficulty Hits New ATH As Mining Revenue Soars!

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On Tuesday, the Bitcoin difficulty reportedly hit a new ATH of 95.67T, with a record hash rate above the 700 EH/s level for the first time ever. The recent jump of 3.9% became the 13th positive adjustment this year. Moreover, once the 365-SMA (Simple Moving Average) total miner revenue is claimed, the historical trends suggest this to be the beginning of a massive bullrun. Notably, mining difficulty measures the difficulty of mining a new block. This year, we have experienced 22 difficulty adjustments out of which 13 were positive. The network automatically adjusts every 2,016 blocks or approximately every two weeks.