October has certainly been eventful in the world of Bitcoin. As of today, miners are earning around $50.29 per PH/s, up from $44.01 on Oct. 1. That’s a bump of more than 14.26% in just over two weeks and four days. During this time, on Oct. 9, at block height 864,864, the network’s difficulty increased by 4.12%.

This means Bitcoin’s difficulty now stands at 92.05 trillion, which is just a hair under the all-time high of 92.67 trillion from Sept. 10. The 4.12% rise in difficulty came two days after the hashrate peaked at an all-time high of 698 exahash per second (EH/s). Since then, the difficulty spike saw around 28 EH/s exit the network, though it has rebounded by about 1.87 EH/s as of Oct. 17. Currently, the hashrate is about 26.13 EH/s shy of the record high.

October, often dubbed ‘Uptober’ in crypto circles, has historically delivered strong bitcoin (BTC) performance, and this year appears no different so far. However, with the 2024 U.S. presidential election on the horizon, featuring Kamala Harris and Donald Trump, unpredictable market shifts could lie ahead, as political developments often impact financial markets, including cryptocurrencies.

While miners are currently enjoying improved conditions, the looming election could introduce heightened volatility into the market. Bitcoin’s future, like its past, is shaped by external factors, and significant political events can spark unexpected price movements. As the U.S. election nears, bitcoin’s trajectory remains as uncertain as ever, leaving plenty of room for surprises.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。