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Bullish Signs for Bitcoin Price After Record BTC Difficulty Adjustment
The Bitcoin blockchain network experienced its biggest mining difficulty adjustment in over two years on June 17. Surprisingly, the hash rate of Bitcoin has not dropped off by a large margin. The response of miners toward the difficulty adjustment is considered to be optimistic so far, as the hash rate is already starting to recover. Data from Blockchain.com shows that since June 11, the hash rate of the Bitcoin network increased from 101 million terahashes per second to 105 million TH/s. image Miners continue to mine Bitcoin (BTC) despite a 14.95% increase in difficulty. Theoretically, the difficulty adjustment ... (full story)