Bitcoin Hits New Records – So Does Mining Difficulty

Bitcoin has climbed 3.7% over the past 24 hours, reaching a new all-time high of over $106,000.

According to CoinGecko, Bitcoin peaked at $106,352 at 00:35 UTC on Monday after hovering around the $100,000 mark over the weekend. As of publication, Bitcoin is trading at $105,400.

Meanwhile, Bitcoin’s mining difficulty adjusted at block height 874,944 around 1:33 UTC on Monday, increasing by 4.43% to set a new all-time high of 108.52 trillion.

This difficulty adjustment has counteracted Bitcoin’s early Monday price surge, reducing Bitcoin’s hashprice to $62/PH/s once again. The network’s average hashrate over the past 14 days reached 771 EH/s, with the latest seven-day moving average surpassing 800 EH/s, according to data from Hashrate Index.

Publicly traded Bitcoin mining firms in North America continue to drive network competition. In November, their combined share of Bitcoin production rose to a record-high 27%.

Notably, Foundry USA Pool and MARA Pool alone mined 36.7% of all Bitcoin blocks in November, up from 34.3% in October—highlighting the growing hashing capacity of institutional mining companies in the U.S.