The Bitcoin network started this year with an impressive milestone, with mining difficulty reaching an historic peak.
According to CloverPool data, on January 12th, the network difficulty increased by 0.61%, setting a new record of 110.45 trillion with a block height of 878,976.
This latest increase extends the Bitcoin network's incredible streak, with mining difficulty increasing for eight consecutive cycles. The last time such a long-term upward trend occurred was in 2021, when nine consecutive positive corrections occurred.
In 2024, Bitcoin mining underwent a major transformation, with difficulty increasing by nearly 50%. This growth has taken the index past the 100 trillion mark and established a new benchmark for the industry.
Of the 27 corrections recorded during the year, 18 were positive, indicating a strong recovery in mining activity despite the market challenges of the fourth halving event, which reduced miner rewards to 3.125BTC. I am.
Meanwhile, market experts believe this upward momentum will continue as miners remain active and aim to capitalize on renewed global interest in the top cryptocurrency.
