Bitcoin mining difficulty set for sharpest drop since FTX collapse

As Bitcoin approaches another critical juncture post-halving, the crypto mining landscape braces for its biggest challenge since the December 2022 FTX collapse. New estimates suggest a 4% reduction in mining difficulty, responding to a notable 10% drop in the network’s hash rate. This adjustment, anticipated from early market signals and our March predictions, could redefine the balance between profitability and operational costs for miners. Coupled with the recent high transaction fees post-Runes launch, the financial dynamics are shifting. Will this be enough to stabilize the network, or are we staring down the barrel of a miner capitulation event, threatening further instability in the market? Find out what the rising miner reserves imply about the future of Bitcoin’s solidity.

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