Bitcoin Mining Difficulty Drops by 7.48% — Largest Decrease in Years
On June 29, Bitcoin’s mining difficulty adjusted downward by 7.48%, bringing the figure to 116.96 T, according to CloverPool data.
This marks the second consecutive decrease in mining difficulty — and the most significant drop in recent years.
According to Glassnode, the hashrate (7-day moving average) plummeted to 799 EH/s, down from near-record highs:
Data: Glassnode
Meanwhile, Hashrate Index reports that the hashprice (mining revenue per unit of hashrate) rose in the last 24 hours from $53 to $58 per PH/s per day, returning to levels seen in late May.
Data: Hashrate Index
As of this writing, Bitcoin is trading at around $107,000, showing a 4.5% gain over the past week.
Despite declining revenues, CryptoQuant highlighted that Bitcoin miners have increased their reserves by 4,000 BTC since April. At the same time, wallets associated with the so-called "Satoshi Era" have shifted toward accumulation behavior.
This difficulty adjustment may temporarily ease pressure on miners, especially smaller operations, as hashrate volatility and profitability metrics rebalance post-halving.
On June 29, Bitcoin’s mining difficulty adjusted downward by 7.48%, bringing the figure to 116.96 T, according to CloverPool data.
This marks the second consecutive decrease in mining difficulty — and the most significant drop in recent years.
According to Glassnode, the hashrate (7-day moving average) plummeted to 799 EH/s, down from near-record highs:
Data: Glassnode
Meanwhile, Hashrate Index reports that the hashprice (mining revenue per unit of hashrate) rose in the last 24 hours from $53 to $58 per PH/s per day, returning to levels seen in late May.
Data: Hashrate Index
As of this writing, Bitcoin is trading at around $107,000, showing a 4.5% gain over the past week.
Despite declining revenues, CryptoQuant highlighted that Bitcoin miners have increased their reserves by 4,000 BTC since April. At the same time, wallets associated with the so-called "Satoshi Era" have shifted toward accumulation behavior.
This difficulty adjustment may temporarily ease pressure on miners, especially smaller operations, as hashrate volatility and profitability metrics rebalance post-halving.
