Bitcoin Mining Difficulty Soars Amid Volatility and Concerns Over Centralization

Bitcoin’s mining difficulty hit a new record high this week as the cryptocurrency market experienced significant volatility in response to recent US job data. Experts had anticipated a decrease in difficulty following the peak witnessed in August, but recent trends show an increase as large players dominate the mining scene. 📈 💰 This rise in difficulty underscores the challenges for individual miners while raising concerns about potential network centralization in Bitcoin.