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On March 14, the difficulty of Bitcoin mining reached a new historical maximum of 83.99 T.
$BTC.com says the rate has increased by 5.79% since the last change date. The first cryptocurrency’s current mining hashrate has also reached its maximum, meaning that more participants have joined mining activity. Currently, the figure is 616.74 EH/s.
The next recount will take place on March 27. The forecast is an increase of 0.07%, according to $BTC.com. On March 1, the difficulty of Bitcoin ($BTC) mining decreased by 2.9%. The complexity of mining determines the required total power of equipment for mining cryptocurrency. An increase in this indicator brings the halving date of the first cryptocurrency closer.
The $BTC mining difficulty indicator began to grow actively in September 2023. Around that time, the price of Bitcoin rose above $30,000. It has always stayed below this level since then.
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On March 14, $BTC updated its all-time high ($ATH) at $73,737. According to CoinGecko, Bitcoin’s value has increased by almost 46% over the past month.
At the time of writing, Bitcoin is trading at $71,885. Over the past 24 hours, the asset’s price decreased by 1.4%, and the daily trading volume decreased by 27% to $44 billion. The market value of $BTC currently exceeds $1.4 trillion.
Open interest (OI) in Bitcoin futures trading on exchanges reached a new $ATH of $33.9 billion on March 13. OI indicates increased market activity and trader sentiment regarding these assets.
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