Bitcoin Difficulty Hits All-Time High as Price Remains Below $40K

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

ICYMI: Bitcoin difficulty reaches a new all-time high of 29.7 trillion $BTC BTC

At the same time, Bitcoin’s hashrate also hit yet another all-time high of 220.49 EH/s. This means that the network has reached its peak resilience, making it incredibly costly for attackers to gain control of the network. Bitcoin's hashrate has now grown more than 30% since the start of the year, which signals that more miners are willing to join the network despite the fact that the market is languishing.

Foundry USA, which is operated by a subsidiary of US-based cryptocurrency giant Digital Currency Group , remains the top mining pool with a 17% share of the total hashrate. AntPool and F2Pool come in second and third places. The cryptocurrency's mining difficulty and hashrte have been growing more or less steadily after weathering the crackdown on miners in China that took place last summer.

The Bitcoin price remains below the $40,000 level. The largest cryptocurrency is currently trading in the green after bouncing off the $37,000 support level.

Source: Digital Coin News (digitalcoinnews.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The coin to own in 2022 is KibaInuWorld ALTSEASON MEMECOIN

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Antisemitic Incidents, Assaults Hit All-Time Highs in New York and New Jersey, ADL SaysAntisemitic incidents in the United States hit an all-time high in 2021, and New York and New Jersey accounted for nearly 30% of the reported total, the Anti-Defamation League said Tuesday. Incidents (vandalism, harassment, assault) were up sharply last year, the ADL said in its annual summary – a function of pandemic restrictions decreasing, but also backlash to Israeli airstrikes…
Source: NBCNewYork - 🏆 270. / 63 Read more »

Real estate market finally shows signs of coolingThe heated real estate market that has seen home prices across the country soar to record highs since the start of the pandemic is showing early signs of cooling, according to experts and recent data.
Source: dcexaminer - 🏆 6. / 94 Read more »

Bitcoin Mining Difficulty Hits a Lifetime High After a 5.56% Increase, Metric Nears 30 Trillion – Mining Bitcoin NewsBitcoin’s mining difficulty reached a lifetime high on April 27, at block height 733,824, after jumping 5.56% higher than two weeks ago. Thanks so much for this gift MaticEvent Thanks so muuuuuccccch for this gift MaticEvent Obviously, this will bring us closer to an increase in the price of BTC soon. Perhaps now is the last chance to profitably invest usdt in it
Source: BTCTN - 🏆 531. / 51 Read more »

Violence, hate against Jewish community at all-time high in 2021The audit figures were released Tuesday. Fuck that ✊🏼
Source: mercnews - 🏆 88. / 68 Read more »

Hot new deal knocks the Moto G100 with 5G down to its lowest price yetLenovo has Motorola's unlocked 5G-enabled Moto G100 on sale at a new all-time low price of $369.99 for an undoubtedly limited time only.
Source: PhoneArena - 🏆 322. / 59 Read more »

Bitcoin fails to hold $40K with traders still hoping for a BTC price relief bounceBTC price action retreats under $40,000 in a blow to Monday's Bitcoin relief rally. 💥IF YOU HODL!! 🚀 We need to keep growing the movement xrdoge Zero
Source: Cointelegraph - 🏆 562. / 51 Read more »