The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Bitcoin’s latest difficulty adjustment came in at 9.26% earlier today, its second largest increase this year behind 9.32% back in January. As per usual, the increase is a result of a surge in hash rate over the last two weeks driving faster block production times. Now both hash rate and difficulty sit just below all-time high values. Hash rate is up 10.27% over the last 30 days.



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