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Bitcoin mining difficulty hits record high, increasing selling pressure despite price dip below $78K

Market News
02 Nov 2026, 19:37 WIB
CryptoTicker
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Neutral
Bitcoin mining difficulty hits record high, increasing selling pressure despite price dip below $78K

Bitcoin's mining difficulty has reached a record 148.4 trillion after three consecutive increases totaling 11.8%, raising miners' operational costs. Despite Bitcoin trading around $77,657, miners face reduced revenue per hashing power due to higher difficulty and a 6.7% price drop since mid-September. This cost-pressure leads miners to sell more Bitcoin, adding selling pressure to the market. The next difficulty adjustment on November 13 may lower difficulty, signaling some miners shutting down unprofitable machines, which could affect supply dynamics in the coming weeks.

Bitcoin mining costs and price dynamics provide context for Pluang's cryptocurrency market snapshot as of Nov 03, 2026 00:03 WIB. Among 50 major cryptocurrencies, only 7 rose while 42 fell today. BAT fell 5.82% to Rp2,372 with a strong buy order activity of 95%, contrasting with AAVE's 4.94% drop to Rp2,353,795 amid 74% sell orders, and ONE's 4.42% decline to Rp20 with 95% sell orders, showing varied investor responses.

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