Bitcoin Difficulty Spikes 15%, Potentially Shifting Miner Behavior to Hoarding
Bitcoin Difficulty Spikes 15%, Potentially Shifting Miner Behavior to Hoarding
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Bitcoin's mining difficulty has increased by 15%, marking the largest adjustment since 2021. This significant spike is impacting miner economics amidst Bitcoin's price oscillating in the mid-$60,000s, suggesting a potential shift in miner strategy from selling their holdings to accumulating them.
Bitcoin difficulty just reset about 15% higher to roughly 144.40T. While this is neither the first nor the last, it is the largest since around 2021. The timing is important because the protocol tightened miner economics while Bitcoin has been chopping around the mid-$60,000s with repeated tests near $65,000. When blocks arrive faster than the […]