Bitcoin difficulty hitting new all-time highs this week hints that miners are not worried about the BTC price downturn.
Bitcoin network fundamentals are in no mood to follow bearish BTC price action this week.Bitcoin mining difficulty ends slump, Bitcoin miners appear to be taking the price downturn in their stride.
Not only was this enough to take difficulty to new record highs, it marked Bitcoin’s sixth-largest difficulty uptick of 2023, figures from monitoring resource BTC.com show. The next automated readjustment is already due to continue the trend, taking difficulty over 56 trillion for the first time.A similar story concerns hash rate — the estimated hashing deployment by miners to the Bitcoin blockchain.While not possible to calculate exactly, depending on the source, hash rate is already challenging existing all-time highs of over 400 exahashes per second .
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