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The Bitcoin Difficulty Has Reached an All-Time High, Despite the Price Remaining Below $40,000

According to data given by, Bitcoin difficulty has reached a new all-time high of 29.7 trillion.

It has increased by more than 5% in the last two weeks, the largest gain since January.

Every 2016 blocks, the network adjusts the mining difficulty to ensure that miners aren’t overproducing or underproducing coins.

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Bitcoin’s hashrate also reached a new all-time high of 220.49 EH/s at the same moment. This indicates that the network’s resilience has achieved its maximum level.

In the meantime, the price of Bitcoin remains below $40,000. After bouncing off the $37,000 support level, the largest cryptocurrency is still in the green.

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