Amid Bitcoin Slump, Mining, Hash Rate Difficulty At All Time High

Even as the world’s largest digital currency by market capitalization Bitcoin (CRYPTO: BTC) continues to reel under pressure since Federal Reserve Chair Jerome Powell’s comments about increasing interest rates further to tame rising inflation, on-chain data illustrates that difficulty and hash rate is rapidly increasing, far from capitulating. Bitcoin’s market valuation has decreased from $1.27 trillion in November 2021 to under $383 billion currently.