Bitcoin difficulty experiences 2% dip amid hash rate decrease

The Bitcoin network has experienced a 2% drop in its difficulty adjustment, marking the fourth such decrease in 2023

This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Make preferred on Google logo

Quick Take

The Bitcoin network has experienced a 2% drop in its difficulty adjustment, marking the fourth such decrease in 2023. With approximately a quarter of all adjustments this year showing a negative trend, the hash rate acceleration is evident.

Currently, the hash rate stands at around 364 trillion (Th/s). Despite the recent decrease, the difficulty adjustment level remains robust, hovering around the 50 trillion (T) mark.

Hash Rate: (Source: Glassnode)
Hash Rate: (Source: Glassnode)
Difficulty: (Source: Glassnode)
Difficulty: (Source: Glassnode)