Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Bitcoin mining difficulty set to see biggest drop since FTX crash

Bitcoin mining difficulty set to see biggest drop since FTX crash

Bitget2024/05/07 10:47
BTC-6.12%

Golden Finance reports that Glassnode data shows that Bitcoin mining difficulty will see the largest drop since the FTX crash. Due to a significant 10% drop in network hash rate, mining difficulty will decrease by 4%. According to early market signals and March forecasts, this adjustment may redefine the balance between miner profitability and operating costs. Combined with the recent high transaction fees after the launch of Runes, the financial dynamics are changing.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
US-listed company Massimo incorporates bitcoin into its long-term treasury reserve strategy
2
Hengyue Holdings spends approximately HK$4.712 million to acquire about 7 more bitcoins

Crypto prices

More
Bitcoin
Bitcoin
BTC
$84,969.12
-7.05%
Ethereum
Ethereum
ETH
$2,737.32
-9.77%
Tether USDt
Tether USDt
USDT
$0.9996
-0.04%
XRP
XRP
XRP
$2
-9.11%
BNB
BNB
BNB
$815.48
-8.82%
USDC
USDC
USDC
$0.9996
-0.02%
Solana
Solana
SOL
$124.46
-9.97%
TRON
TRON
TRX
$0.2764
-2.15%
Dogecoin
Dogecoin
DOGE
$0.1333
-10.90%
Cardano
Cardano
ADA
$0.3770
-11.34%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter