Bitcoin Price Bitcoin Stares at Another Big Plunge as Mining Difficulty Hints Dropping 10.25%Bitcoin mining difficulty could drop by 10.25 percent on Thursday.
It will be the most significant downward adjustment since “halving.”Historically, wild negative swings in Bitcoin’s mining difficulty has led to significant price drops.
Capitulation ScareThe Bitcoin network undergoes a self-correcting phase that decides how difficult it is to mine bitcoin after every 2016 mined blocks.
“It would mark the 3rd successive downward difficulty adjustment in what I consider the “Modern ASIC era” of Bitcoin mining,” added Mr. Fleyshman.
Meanwhile, there is also a theory running around the social media that small miners have already exhausted their capitulation sentiment.

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