Bitcoin’s difficulty adjusts upwards 15%, its most since January 2018
Today Bitcoin’s difficulty adjusted up 14.95%, its most since January 2018. Leading up today’s halving Bitcoin’s block times have averaged around 8 minutes and 46 seconds, making Bitcoin ripe for a big difficulty adjustment upwards.
Why it matters:
- Bitcoin block times have been volatile since the May 11 halving as miners continue to come on and off the network.
- Bitcoin has posted some of its largest difficulty adjustments in recent months amidst price volatility and the recent halving.
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