Miner profits plummet, pushing the Bitcoin network towards its largest difficulty adjustment since 2021
The Bitcoin network is gearing up for one of its biggest mining difficulty reductions in history, as the recent price drop has diminished profitability for many mining operations.
According to a report from 'Galaxy Research', mining difficulty is expected to decrease by around 10.3% during the upcoming adjustment on June 13, following the exit of some computational power from the network due to increasing financial pressures on miners.
This decline reflects Bitcoin's self-balancing mechanism, where price drops reduce mining activity, prompting the network to automatically lower difficulty levels to maintain average block production.
This adjustment will rank among the largest historical declines, coming at a time when Bitcoin is still trading near $62,800 despite losses exceeding 15% since the start of the month.
Analysts have warned that if the current support level around $62,000 fails, attention may shift to deeper support zones ranging from $25,500 to $31,500 in the long term.
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WorldCupPredictionMarketsExceed$2Z
#SPCXxIPOCampaignOnBinanceWallet
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The Bitcoin network is gearing up for one of its biggest mining difficulty reductions in history, as the recent price drop has diminished profitability for many mining operations.
According to a report from 'Galaxy Research', mining difficulty is expected to decrease by around 10.3% during the upcoming adjustment on June 13, following the exit of some computational power from the network due to increasing financial pressures on miners.
This decline reflects Bitcoin's self-balancing mechanism, where price drops reduce mining activity, prompting the network to automatically lower difficulty levels to maintain average block production.
This adjustment will rank among the largest historical declines, coming at a time when Bitcoin is still trading near $62,800 despite losses exceeding 15% since the start of the month.
Analysts have warned that if the current support level around $62,000 fails, attention may shift to deeper support zones ranging from $25,500 to $31,500 in the long term.
#WorldCupOpening2026
WorldCupPredictionMarketsExceed$2Z
#SPCXxIPOCampaignOnBinanceWallet
#TradebStocks