The price of Bitcoin has been on a downward trend, with both technical and fundamental analyses indicating a bearish momentum. The current price on CoinMarketCap is 90,567, representing a 3% and 8% decline in the past day and week, respectively.

On the other hand, Bitcoin's mining landscape has reached a milestone as the network's difficulty adjustment has reached an all-time high of 110.45 trillion. This shows the network's resilience and the increasing competition among miners. The difficulty adjustment recalibrates every two weeks to maintain an average block mining time of 10 minutes.

The rising difficulty poses challenges for miners as it squeezes profit margins and intensifies competition. Some companies have diversified their operations or adopted financial strategies to mitigate these challenges. This comes amid volatile Bitcoin prices, which recently decreased to around $90k due to macroeconomic uncertainties.

Currently, the Bitcoin price is trading at an important support level, and if it does not hold, it could drop further to $87k and $76k. Overall, while prolonged difficulty increases often indicate heightened market activity, they do not guarantee directional certainty.



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