As the halving approaches in 50 days, Bitcoin mining difficulty will decrease by 3%.

quick take

According to data from Newhedge and Coinwarz, Bitcoin’s mining difficulty has decreased by 3% and the current BTC difficulty is 79.35T.

This is the second negative correction this year, following the two highest corrections of around 7% and 8% over the past 12 months, respectively. This minor difficulty decrease is mainly due to the rapid increase in hash rate over the past few months, which has not maintained its upward trend over the past two weeks.

Using a 7-day moving average, the hash rate is currently at 582EH/s, slightly below its all-time high of 595EH/s.

As for the Bitcoin halving event, analysis from the Clarkmoody dashboard shows it will occur on April 20th, just 50 days away, with just over 7,000 blocks left until the event.

As halving approaches in 50 days, Bitcoin mining difficulty decreases by 3% appeared first on CryptoSlate