Bitcoin difficulty experiences 2% dip amid hash rate decrease

exchange68September 12, 2024

0 1 1 minute read

Quick Take

The Bitcoin network has experienced a 2% drop in its difficulty adjustment, marking the fourth such decrease in 2023. With approximately a quarter of all adjustments this year showing a negative trend, the hash rate acceleration is evident.

Currently, the hash rate stands at around 364 trillion (Th/s). Despite the recent decrease, the difficulty adjustment level remains robust, hovering around the 50 trillion (T) mark.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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