Bitcoin mining difficulty rises 7.6%

Bitcoin mining difficulty has advanced by 7.57%, reaching an all-time peak along with the network’s hashrate. Statistics show that miners are using more computing power. The difficulty changes rigidly every two weeks and measures how much computing power is required to mine Bitcoin blocks for a high yield.

The mining difficulty reading hit 46.85 trillion at a block high of 782,207 in corrections, following a 1.17% advance from the previous correction on March 11.

A measure of the state’s power, used by miners, was around 395.16 on Thursday, reaching an all-time high.

Bitcoin price advanced 3.3% in the last 24 hours to trade at $28,198, an increase of 9.31% in the last seven days. The strongest coin by market capitalization traded at $20,793 on March 11.

Ethereum faces major challenge after hitting yearly high

Ethereum traded weakly above the $1,800 level in today’s session before hitting a major challenge.

ETH/USD rose to a peak of $1,853.88 after a previous low of $1,745.03.

The rally pushed ETH to its highest point since last year, pushing prices up marginally to the $1,851 mark in that time frame. ETH bulls could not stabilize this breakout, which has given way to bears trying to lower the market.

As of writing this article, Ethereum is trading at $1,761.73.

XRP & Litecoin

Ripple Lab’s native token, XRP, entered the market and proved to be one of the most successful coins this week, according to data. XRP is at $0.4264 and is up 14.52%. Trading volume retreated 41.41% to $1,722,409,615, indicating that demand for XRP is decreasing.

Litecoin returns to the ranks of successful coins after showing incredible data this week. LTC has advanced 13.37% in one week, and its current price is $92.87.