Newhedge reports that Bitcoin is on the verge of experiencing another notable change in its difficulty level, with a projected increase of 7%. This would be the most substantial rise in difficulty the cryptocurrency has encountered since March 2023, nearly a year ago. Bitcoin’s mining difficulty progression serves as an important measure of the network’s robustness and protection. The latest change in difficulty showed a drop of 3.9%, representing the biggest downward shift since December of the previous year. This was reported by Glassnode, which provided the data on the Difficulty Adjustment. Curiously, this progress follows closely after a significant decline in hash rate that was caused by the recent freeze in Texas. CryptoSlate reported that following the incident, there was a significant drop in hash rate. However, it has rebounded, though it remains just under its peak rate, at roughly 533 exahashes per second, according to data from Glassnode. Newest Findings