Bitcoin network difficulty breaks right into a new all-time a lot of 29.794T

Reassuring its position because the most resilient blockchain network against attacks, the Bitcoin (BTC) network recorded a brand new all-time high network difficulty for that second time this month in April — jumping from the previous all-time a lot of 28.587 trillion to 29.794 trillion.

Greater network difficulty demands greater computational capacity to effectively mine a BTC block, which prevents bad actors from overtaking the network and manipulating transactions, also referred to as double-spending.

As evidenced by data from, Bitcoin’s network difficulty has witnessed several months-lengthy upward trend since August 1, 2021. Before that, between May and This summer 2021, would be a timeline when BTC network difficulty fell nearly 45.5% from 25.046 trillion to 13.673 trillion — at that time raising momentary concerns concerning the network’s vulnerability.

Bitcoin network difficulty. Source:

Further cementing Bitcoin’s resilience against 51% attacks, on April 28, the Bitcoin network hash rate too recorded a brand new ATH of 258 EH/s. As proven below, the network hash rate eased lower towards the 220 EH/s mark through the finish from the month without any visible negative effect on the BTC network difficulty.

Bitcoin total hash rate. Source:

The month of April also was witness to among the cheapest average transaction charges around the Bitcoin network — the price connected with transferring BTC. The very first time in 2 years, on April 18, the average BTC transaction fee fell lower to $1.039, which at its greatest was $62.788 in April 2021

While Bitcoin miners still pursue the final two million BTC into circulation, the network is well-positioned to achieve a more recent all-time high regarding overall security and cost.

Related: Bitcoin hodlers targeting $100K is what’s stopping 40% cost drawdown, data suggests

New information paints an positive picture about BTC, underscoring the effectiveness of hodlers wishing for those-time highs.

As Cointelegraph reported, on-chain indicators suggest bullish momentum because of too little short-term holders (STHs), as noted by popular analyst “Root”:

“Since we did not achieve prices above 100K, which a lot of expected, many still believe this can eventually happen and can therefore keep their coins.”

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