Bitcoin’s mining difficulty just posted its biggest increase since 2018

Bitcoin's ($BTC) mining difficulty jumped by 14.23% from 7.93 trillion to 9.06 trillion at block 584,640 on July 9th. The jump clear past the 8 trillion range has predictions for the next adjustment to 10.35 trillion. Hashing power hit as high as 74.5 quintillion hashes per second, although the percent increase in hashing power over the current run remains about half of the 2017 bull run due to supply restrictions.