Bitcoin's mining difficulty is on course to record a modest decline
Thus, it will end its impressive streak of six consecutive positive adjustments. The difficulty peaked at 200.19 EH/s.
Bitcoin's hashrate has declined roughly 12% from its Feb. 12 peak of 214.6 EH/s, slumping to 27.9 trillion on Feb. 17.According to data provided by Kraken Intelligence, the research arm of cryptocurrency exchangeThe report suggests that on-chain data paints"a slightly Bearish" picture. On July 3, Bitcoin recorded its biggest negative difficulty adjustment to date, declining by more than 27.94% amid the great migration of miners from China who were caught off guard by a sweeping ban. The network managed to recover swiftly, with hashrate climbing to new highs in late 2021.Meanwhile, the
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