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Bitcoin records all-time high network difficulty amid price fluctuations -Breaking

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© Reuters.

The (BTC) network has recorded a new all-time high mining difficulty of 26.643 trillion with an average hash rate of 190.71 exahash per second (EH/s) — signaling strong community support despite an ongoing bear market.

The overall computing power determines the Bitcoin network’s difficulty. This is also related to difficulty in verifying transactions and mining BTC. You can see the full list here. DocumentationAccording to the data from blockchain.com, there was a network problem that fell between May 2021 and July 2021. This could be attributed to a variety of reasons. China bans crypto mining.

BTC network difficulties. Source: Blockchain.com.
BTC Network difficulty estimated for the next twelve days. Source: BTC.com.