Are Bitcoin miners bullish? BTC miners face biggest difficulty bump in 3 months

Cointelegraph

Published Jan 09, 2021 04:31AM ET

Updated Jan 09, 2021 06:20AM ET

Bitcoin (BTC) mining difficulty is set to rise by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time ever.

"Hashrate is on a tear!" commented popular pseudonymous Bitcoin trader hodlonaut three days ago. "When difficulty readjusts in 3 days, it will crush through 20T for the first time in Bitcoin history."

Bitcoin network difficulty. Source: Blockchain.com
Total BTC outflows from miner addresses. Source: CryptoQuant

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