2024

Bitcoin

On March 14, the difficulty of Bitcoin mining reached a new historical maximum of 83.99 T. 
BTC.com says the rate has increased by 5.79% since the last change date. The first cryptocurrency’s current mining hashrate has also reached its maximum, meaning that more participants have joined mining activity. Currently, the figure is 616.74 EH/s. 
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 <img loading="lazy" decoding="async" width="1024" height="394" src="https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-14-at-18.14.55-1024x394.png" alt="Bitcoin mining difficulty reaches new all-time high - 27" class="wp-image-14258302">
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 Source: BTC.com
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</figure> 
The next recount will take place on March 27. The forecast is an increase of 0.07%, according to BTC.com. On March 1, the difficulty of Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) mining decreased by 2.9%. The complexity of mining determines the required total power of equipment for mining cryptocurrency. An increase in this indicator brings the halving date of the first cryptocurrency closer. 
The BTC <a href="https://crypto.news/tag/mining/" target="_blank" rel="noreferrer noopener">mining</a> difficulty indicator began to grow actively in September 2023. Around that time, the price of Bitcoin rose above $30,000. It has always stayed below this level since then. 
 You might also like: <a href="https://crypto.news/how-much-you-could-make-or-lose-mining-bitcoin-in-2024/"> How much you could make or lose mining Bitcoin in 2024 </a> 
On March 14, BTC <a href="https://crypto.news/bitcoin-reaches-a-new-ath-accumulation-increases/" target="_blank" rel="noreferrer noopener">updated</a> its all-time high (<a href="https://crypto.news/tag/ATH/" target="_blank" rel="noreferrer noopener">ATH</a>) at $73,737. According to CoinGecko, Bitcoin’s value has increased by almost 46% over the past month. 
At the time of writing, Bitcoin is trading at $71,885. Over the past 24 hours, the asset’s price decreased by 1.4%, and the daily trading volume decreased by 27% to $44 billion. The market value of BTC currently exceeds $1.4 trillion. 
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 <img loading="lazy" decoding="async" width="1024" height="618" src="https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-14-at-18.18.17-1024x618.png" alt="Bitcoin mining difficulty reaches new all-time high - 28" class="wp-image-14258304">
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 Source: CoinMarketCap
 </figcaption>
</figure> 
Open interest (OI) in Bitcoin futures trading on exchanges <a href="https://crypto.news/bitcoin-open-interest-peak/" target="_blank" rel="noreferrer noopener">reached</a> a new <a href="https://crypto.news/tag/ATH/" target="_blank" rel="noreferrer noopener">ATH</a> of $33.9 billion on March 13. OI indicates increased market activity and trader sentiment regarding these assets. 
 You might also like: <a href="https://crypto.news/bitcoin-etfs-acquire-more-than-mining-supplies-amid-record-1-05b-inflow/"> Bitcoin ETFs acquire more than mining supplies amid record $1.05b inflow </a>

Bitcoin mining difficulty reaches new all-time high

crypto.news

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