Bitcoin fundamentals diverge from BTC price dip as difficulty hits new all-time high

Bitcoin (BTC) may have tanked to six-month lows this week, but under the hood, the network is now verifiably stronger than ever.

Data from on-chain monitoring resources including Glassnode and BTC.com confirms that as of Friday, the Bitcoin network difficulty is at a new all-time high.

Difficulty passes 26 trillion for the first time

The difficulty, which expresses how much miners need to work to solve the equations to process transactions on the blockchain, is arguably the most important of…


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