Bitcoin Hashrate and Difficulty Reach New Highs

On January 23, despite the recent collapse in the crypto market, Bitcoin fell below $36,000 for the first time in several months, but the computing power and difficulty of the entire network hit a record high. According to Blockchain.com data, when the price of Bitcoin was between $40,000 and $43,000, the computing power of the entire Bitcoin network reached an all-time high of 198.864 EH/s. As Bitcoin's network-wide difficulty increased to an all-time high of 26.64T on Friday, it is possible for mining companies to create new, more efficient miners to further secure the network. Bitcoin’s hash power and difficulty have not been affected by price. Notably, the next Bitcoin difficulty adjustment will take place in early February.