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I noticed an interesting point on the charts — Bitcoin network difficulty jumped by 15%, and this was the biggest spike in several years. We haven't seen anything like this since 2021. Meanwhile, the price isn't rising; in fact, it has slightly declined.
Honestly, this is a strange situation. Usually, Bitcoin network difficulty increases when miners are profitable and active. But here, the price is sluggish, and difficulty is soaring. Maybe it's a delayed reaction to previous movements, or miners simply aren't giving up despite the pressure.
In any case, the rise in Bitcoin network difficulty signals that the network is becoming more powerful and secure. It'll be interesting to see how this affects future dynamics. Perhaps the price will still find support.