Bitcoin Mining Difficulty Drops 2.6% as Hashrate Declines Signal Relief for Struggling Miners

TLDR: Bitcoin mining difficulty decreased 2.6% with another 1.88% downward adjustment projected in next cycle. Block times exceeded 10 minutes 30 seconds, signaling excessive difficulty relative to current conditions. Declining hashrate shows miners reducing operations as rising costs and falling prices squeeze margins. Lower difficulty eases miner selling pressure by reducing resources needed for profitable [...]

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