Since the crypto mining ban in China in 2021, the US has become one of the largest mining hubs for Bitcoin miners.

On-chain data shows the Bitcoin mining difficulty has seen a rise of over 7% in the latest adjustment. Here’s what it could mean for the asset.

The Bitcoin network recently underwent

On-chain data shows the Bitcoin mining difficulty is heading towards its sixth consecutive increase, which would be a new record for 2023.

Data shows the Bitcoin mining difficulty has recently seen its fifth straight increase as the hashrate has continued to increase.

The Bitcoin mining difficulty has registered another positive adjustment today, which has led to the metric setting a new all-time high (ATH).

Data shows the Bitcoin mining hashrate has set a new all-time high recently, forcing the network to up its difficulty by about 5.5%.

The Bitcoin mining difficulty has been skewing upward

Data shows the Bitcoin mining difficulty has declined 3% with the latest adjustment, something that could boost the coin’s hashrate.