Bitcoin Mining Difficulty Dips Slightly After Reaching Record High

The Bitcoin mining difficulty, which measures the computational power used to secure the network, has decreased slightly after hitting an all-time high of 126.9 trillion on May 31. The adjusted difficulty now stands at roughly 126.4 trillion, according to CryptoQuant data. This shift follows increased miner competition and higher production costs. Miners are facing financial pressures from the reduced block reward following the April 2024 halving, rising operational costs, and elevated mining difficulty.