Bitcoin difficulty experiences 2% dip amid hash rate decrease 
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.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
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