The Bitcoin mining difficulty has reached a new high of 109.78 trillion, increasing by 1.16%. It has grown by 24% in the past 90 days and 52% since the start of the year. The next difficulty adjustment is expected to be negative, projecting a plunge of over 8% to approximately 100.7 trillion. The mining difficulty adjustments occur every two weeks to prevent the overproduction or underproduction of new coins. Additionally, Bitcoin's hashrate, representing the network's computational power, has been hitting new record highs. This indicates the strong fundamentals of Bitcoin. The price of Bitcoin recently reached a record high of $108,135 but has since fallen by over 13% and is currently trading at $93,638.



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