The mining difficulty of Bitcoin has increased in the latest cycle to slow down the block resolution process. This ensures that block production remains at an average rate. Despite price fluctuations, miners are expanding their operations, indicating that mining expansion may continue. The constant growth of Bitcoin’s hashrate and competitiveness in the mining space is reflected in the new all-time high reached in mining difficulty. This serves as a key indicator of the network’s health and dynamics.
AI Sentiment: Positive