Bitcoin Fundamentals Booming
With BTC moving above $8,000, the fundamentals of the Bitcoin blockchain have also surged. As pointed out by industry researcher Kevin Rooke, Bitcoin’s mining difficulty has reached an all-time high of 7.46 trillion. The thing is, we’re still down by around 55% from BTC’s all-time high of $20,000, and public awareness of the cryptocurrency space is still much lower than it was back in 2017. For those unaware, mining difficulty refers to how hard miners need to work to solve one block.
Bitcoin mining difficulty has just hit an all-time high. The network is stronger than ever.