While the price of BTC continues to fall, Bitcoin’s mining difficulty and hash rate have both returned to highs, and the latest on-chain data shows that instead of falling, hash rate and difficulty have risen rapidly.
The difficulty is expected to increase by 6.8% next week. According to the monitoring data of BTC.com on the chain, this will be the highest upward difficulty adjustment since January this year.
“We may see a new (or near-new) ATH that is difficult enough to build in a few days,” predicted mining consultancy Blocks bridge in its latest Miner Weekly, published on Aug. 27.
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