Bitcoin difficulty experiences 2% dip amid hash rate decrease

quick take

The Bitcoin network experienced a 2% drop in difficulty adjustment, marking its fourth drop in 2023. With about a quarter of all corrections this year showing a negative trend, the acceleration in hashrate is clear.

Currently, the hash rate is around 364 trillion (Th/s). Despite the recent decline, difficulty adjustment levels remain solid, hovering around the 50 Trillion (T) mark.

Hashrate: (Source: Glassnode)
Difficulty: (Source: Glassnode)
Difficulty: (Source: Glassnode)

Post-Bitcoin difficulty has experienced a 2% drop amid hashrate declines, first occurring on CryptoSlate.

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