The Bitcoin network just reached a new record high in difficulty, increasing by 1.42% to an impressive 123.23T. This significant jump is indicative of increased mining power, reaching 888.37 EH/s – the highest it’s ever been. Despite this recent shift, Bitcoin’s price remains volatile but there is no clear direct correlation between the difficulty increase and the price fluctuations. While the network has experienced several adjustments in its technical structure over time, today’s change was largely attributed to a change at block height 893,088 on April 19th. It’s worth noting that this adjustment signifies enhanced security for the network and increased participation from miners who have invested heavily in new hardware technology. This recent development signals Bitcoin’s strength and resilience as a currency, particularly during periods of technological advancement.