Major Bitcoin Mining Difficulty Decline Hits 11% Amid Market Changes

The Bitcoin network has experienced a notable decrease in mining difficulty, plummeting by more than 11%. This significant drop marks the most substantial downturn the network has seen since the regulatory challenges faced in China back in 2021.

During that tumultuous period, Bitcoin's mining difficulty faced an even steeper decline of 27% in one adjustment cycle, primarily due to the abrupt halt of mining activities across the country. These fluctuations are critical for miners, as they directly impact the computational challenges and profitability associated with Bitcoin mining operations.