Bitcoin's mining difficulty level reached an all-time high of 55.62 trillion hashes as miners are accumulating the digital asset.
Analysts point to on-chain metrics showing miners are accumulating the digital asset.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Bitcoin's mining difficulty level reached an all-time high of 55.62 trillion hashes this week.
According to Bitfinix analysts, the increase in mining difficulty suggests"miners believe the current BTC level is fairly valued, or maybe a little under priced of its true value."charts show a steeply climbing difficulty level since July 2021, when a Chinese crackdown took many operators off-line. Metrics suggest the next difficulty adjustment for the network is estimated to take place in early September which will see the level increase from 55.62 trillion hashes to 56.
last Thursday, with the price hugging tight to the $26,000 line. Investors have been cautious ahead of Federal Reserve chair Jerome Powell's monetary policy statement at Jackson Hole on Friday.
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