Bitcoin mining difficulty has reached an all-time high. The previous record was set just two weeks ago. Bitcoin itself has risen 108% since the beginning of the year, particularly in the context of news about the possible approval of the first cryptocurrency ETF.
Bitcoin mining difficulty on October 30 updated its all-time high and reached 62.56 T (1 T – one trillion). According to BTC.com, at the beginning of the year the figure was almost two times lower: 35.36 T.
The price of the first cryptocurrency is also increasing rapidly. Since the beginning of the year, the price of Bitcoin has increased by 108%, from $16.5 thousand to $34.4 thousand, growth that is due in particular to news about the possible approval of the first Bitcoin spot ETF.
In October, Bitcoin trading volume reached its highest level in the last six months.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
