When bitcoin typically puts in these many consecutive positive adjustments it has marked near cycle tops and bottoms.
Bitcoin difficulty adjusts positively for the eighth consecutive time in a row as the hashrate rises.
New records continue to be set in the bitcoin ecosystem, which has seen the mining difficulty adjustment rise to a new all-time high of 110.45T . 110.45 trillion means that the difficulty is approximately 110.45 trillion times harder than it was at the time of Bitcoin's genesis block. This is now the eighth consecutive positive adjustment in difficulty, which puts further pressure on miners as the industry becomes more cutthroat and harder to mine a block to receive bitcoin rewards.
This isn't the first time we have seen this many consecutive positive adjustments. We have seen these types of records in the past, during the summer of 2021, shortly after the China mining ban, which saw the hashrate drop by roughly 50%.
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