Bitcoin difficulty at all-time high

Difficulty at an all-time high and a lower bitcoin price means that bitcoin miners’ profit margins are under pressure. Will the difficulty keep increasing, eating up bitcoin miners’ profits?
Source: CoinMetrics

Difficulty is a measure of how difficult it is to find a valid block. Every 2016 block, or approximately every two weeks, Bitcoin automatically adjusts the difficulty based on the block production rate during the previous 2016 blocks.

Because of the rising hashrate, blocks have been produced faster than the desired rate, and Bitcoin increased its difficulty in response.

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