Bitcoin Mining Difficulty Sees Significant Drop Amidst Hashrate Decline, Signals Possible Recovery

Bitcoin mining difficulty has experienced a decrease reminiscent of the FTX collapse, sparking discussions about a potential recovery signal. Recent insights from the on-chain analytics platform CryptoQuant delve into the current state of Bitcoin miners. According to analysts, the mining difficulty saw a notable decline of 7.8% on June 5, 2024, signaling levels unseen since

Source: CoinOtag