Bitcoin mining difficulty reached an all-time high of 95.67 trillion following a 3.9% increase, which synchronizes with a record hashrate surpassing 700 EH/s for the first time. This represents the 13th consecutive positive adjustment for mining difficulty in 2024. Historically, when the 365-day simple moving average for total miner revenue is achieved, it has been associated with bullish trends in Bitcoin prices, suggesting that an upcoming bull run may be in sight as mining revenues rise.
While we offer lots of free value to the community, our daily intel report (technical analysis, fundraising, token unlocks, and more) is exclusive to pro users.
