Impacts of Recent Bitcoin Mining Difficulty Drop and Price Surge
Saturday, 6 July 2024, 19:26
Bitcoin Mining Difficulty Update
The Bitcoin mining difficulty plunged by more than 5% on July 5, reaching a quarterly low of 79.50 terahashes (79.5T).
March Records Broken
The recent drop marks the most substantial decrease since March, when the difficulty briefly fell below 80T.
- Significant Spike: Difficulty peaked at 88.10T between March and May, setting an all-time high.
- Price Influences: Understanding the relationship between mining difficulty and Bitcoin's price movements is vital for investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.