Bitcoin Mining Difficulty Taps New ATH Above 80T 2 Months Ahead of BTC Halving
The BTC difficulty metric increased to over 80 trillion for the first time ever.
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn
The BTC difficulty metric increased to over 80 trillion for the first time ever.
XRP, ADA, and MATIC have also posted impressive gains, while SOL and AVAX are down by 4%.
The total crypto market cap hit $2 trillion for the first time in over two years, according to CoinGecko.
The total market cap is at over $1.9 trillion - a multi-year peak as well.
More than 60,000 traders have been liquidated in the past day.
Several altcoins have charted impressive gains as well over the past 24 hours, including ETH, SOL, and AVAX.
Although BTC was trading higher in mid-January, it's actual closing price for the week tapped a 2-year high.
After several days of the charting gains, most altcoins have turned red, with AVAX dropping the most.
BTC's worst-case scenario high for 2024 is at $55,000, said Ki Young Ju.
Bitcoin Cash, Avalanche, and Chainlink have emerged as today's top performers from the larger-cap alts.