according to Data Provided by CoinWarz, Bitcoin mining difficulty has reached a new record high of 109.78 trillion.

The last positive difficulty adjustment was made on Sunday. The widely tracked measure rose 1.16%.

Bitcoin mining difficulty has now increased by 24% over the past 90 days. It has added 52% since the beginning of the year.

The next difficulty adjustment, which is expected to take place on January 14, is expected to be negative. The key measure is that the currency is expected to fall more than 8% to approximately $100.7 trillion.

It is worth noting that mining difficulty adjustments are usually made every two weeks. Satoshi's genius ensures that new currencies are neither over-produced nor under-produced.

Bitcoin hash rate, a metric that shows the network's total computational power, also continues to reach new highs. On December 15, it exceeded 800 exahashes/second for the first time, according to data provided by Blockchain.com.

This shows that Bitcoin's fundamentals are still remarkably strong. Some analysts believe that the price of the leading cryptocurrency tends to follow its hash rate based on its previous price action.

Earlier this month, the cryptocurrency reached a new record high of $108,135, according to CoinGecko data. However, it is now trading at $93,638 after falling more than 13%.