Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Bitcoin mining difficulty hits new all-time high, Coinbase CEO Brian Armstrong has outlined plans to build a crypto super app to rival traditional banks, Meanwhile, an economist forecasts the broader crypto market to surge if the US Federal Reserve continues to cut rates.
The Bitcoin (BTC) mining difficulty, a measurement of the relative challenge of finding and adding new blocks to the Bitcoin ledger, hit a new all-time high of 142.3 trillion on Friday.
Mining difficulty continues to climb, forming a long-term ‘up-only’ trend due to the growth of the protocol and the need to expend ever-greater computing resources to mine blocks in the face of mounting competition.
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