Bitcoin Mining Set for Largest Difficulty Rise Since October 2022.

-> Bitcoin’s network difficulty is expected to rise by 11% on July 31 at 8 A.M.

-> This will be the largest increase since October 2022, just before the FTX collapse.

-> The increase is due to a surge in the hash rate, which hit an all-time high of 670 EH/s on July 26.

-> The recent peak in hash rate is an 11% increase over the previous week.

Miner profitability and network stability are improving.
The hash price has been rising since the halving, with an expected value of $0.052 TH/s per day.

Source: Glassnode