Bitcoin Mining Difficulty Set for a New All-Time High in Less Than a Day
Bitcoin (BTC) mining difficulty is likely to break its all-time high in less than a day, cutting into the already decreasing profit margins of BTC miners. At 10:23 UTC, Bitcoin mining difficulty, or the measure of how ha...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin (BTC) mining difficulty is likely to break its all-time high in less than a day, cutting into the already decreasing profit margins of BTC miners.
At 10:23 UTC, Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to go up 9% in approximately fifteen hours, per BTC.com, a mining pool, data. This would bring it to 26.58 T – higher than its previous all-time high of 25.05 T set in mid-May 2021....
Read More: Bitcoin Mining Difficulty Set for a New All-Time High in Less Than a Day
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin Breaks Below $70,000 as Liquidations Sweep Through Leveraged Longs
Bitcoin (BTC) fell below $70,000 late Thursday in the U.S. and kept sliding past midnight, touching $67,555 on Coinbase as forced...
Twenty One Capital CEO Says $1.09 Billion Quarterly Profit Came From Bitcoin, Not Business
Twenty One Capital (XXI) reported $1.087 billion in net income for the third quarter, and CEO Rapha Zagury told shareholders on Fr...
Bitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High
Bitcoin Magazine Bitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High Bitcoin price traded...
Jupiter Crypto Trading on Its Own Fundamentals: JUP USD Breaks Away From Market Sell-Off
Jupiter (JUP) is refusing to follow the crypto market lower. While Bitcoin and major altcoins are experiencing a bloodbath, the So...
Twenty One Capital’s Bitcoin Gains Fuel First Profitable Quarter at $1.09B
Tether-backed Twenty One Capital reported $1.087 billion in third-quarter net income, largely driven by unrealized gains on its bi...
Kraken Parent Payward Breaks Trading Reliance as Services and Custody Drive Q3 Margin
Kraken parent Payward is decoupling its profitability from the crypto trading cycle. In the third quarter, client assets and enter...