Bitcoin's mining difficulty has fallen 18.5% from its peak, marking the biggest drop since the 2021 China crackdown on mining. This decline reflects miners shutting down operations due to Bitcoin's price dropping over 50% from its October 2025 high, making mining less profitable especially for those with older equipment and high energy costs. Some miners are shifting resources to AI tasks where contracts are more stable. The difficulty adjustment helps maintain a 10-minute block time despite changes in mining power, so this drop indicates fewer active miners securing the network. Market sentiment is pressured by falling AI stocks, but technical indicators suggest Bitcoin may be oversold heading into the weekend.
Bitcoin traded near $79,771 after reaching an intraday high of $81,280 but failed to break decisively above the $82,000 resistance level. Veteran trader Peter Brandt disclosed a long Bitcoin position following a bullish inverse head-and-shoulders bre...
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
Bitcoin surged above $80,000 following Nvidia's Q2 revenue of $96.2 billion, beating forecasts by $4 billion and boosting tech stocks. US spot Bitcoin ETFs saw $242 million in net inflows on August 27, marking nine straight days of gains and the stro...
The memecoin sector led gains last week with a 16% average return, second only to Layer 2 tokens. Bitcoin's 10% rise helped boost altcoin sentiment. SPX6900, a memecoin parody of the S&P500, soared 60% over the week, with Open Interest jumping nearly...
