BTC mining difficulty hits a new high, rising by 0.63% to 102.29T this morning. According to data from CloverPool, the mining difficulty was adjusted at block height 870,912 (4:42:12 today). This adjustment has brought BTC mining difficulty to a historic high, with the current average computing power of the entire network being 738.3EH/s in the past seven days.
In addition, the recent BTC trading price has also shown a significant increase. In November, the BTC trading price quickly soared, breaking through 80,000 US dollars per coin on the 10th, and exceeding 90,000 US dollars per coin on the 13th. In the early hours of the 14th, the BTC price once reached 93,000 US dollars per coin, and the price has fluctuated above 90,000 US dollars per coin since then. Market analysis believes that the continued interest rate cuts by the Federal Reserve in November, as well as the Republican Party’s promise of multiple measures to support Crypto Assets during the election, have become the driving force for the rapid rise in BTC prices.
Although the price of BTC is influenced by various factors such as supply and demand dynamics, macroeconomics, and market sentiment, the big pump in its price has also sparked discussions about whether it will become a strategic reserve asset for the United States. The new U.S. government has shown a strong interest in cryptocurrency, but for BTC to truly become a national reserve asset of the United States, it still needs to pass through multiple ‘hurdles,’ including complex legislative processes and coordination with regulatory agencies.
In short, BTCMining difficulty has reached a new high, and the overall Computing Power of the network remains stable, while the price increase has also sparked discussions about its future development direction.
〈BTC Mining Difficulty Reaches New High, Price Big Pump Sparks Discussion on Strategic Reserve Assets〉This article was first published on ‘Blockchainer’.
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