Bitcoin mining difficulty declined for first time since September
On Dec. 10, 2023, Bitcoin (BTC) mining difficulty decreased by 0.96% with an average hashrate at 462.60 EH/s. The decrease in mining difficulty occurred against the backdrop of a drawdown in the Bitcoin price. On the night of December 11th, the price dropped to $40,500. This is the first reduction in mining difficulty since mid-September 2023, according to BTC.com. A change in this indicator directly affects the date of the halving, which is expected in April 2024. Source: BTC.com The last change in the indicator occurred on Nov. 26, 2023. It showed an increase of 5.07% compared to the previous value. The hash rate was 480.85 EH/s. The next change in mining difficulty will tentatively take place on Dec. 23, 2023. The forecast is a reduction of 0.12%, according to BTC.com. It is noteworthy that since mid-September, the average hashrate on the Bitcoin network has been growing almost constantly. A PlanB expert stated that this is due to ETF issuers. IMO ETFs like Bl...