On October 16, Bitcoin's mining difficulty increased by 5.92%, the second-largest rise this year, making mining more costly without increasing Bitcoin rewards. This adjustment means miners must expend nearly 6% more computing power for the same payout, pushing the hashprice down 9.5% since early October. As a result, some miners are shutting down operations, reflected in a 13% drop in hashrate, which could lead to a slight difficulty decrease in the next adjustment on October 30. Bitcoin's price hovered around $81,017, slightly below its 50-day average, with key price levels at $81,382 resistance and $80,823 support. The difficulty hike adds selling pressure from miners but is unlikely to cause major price shifts, as the network self-corrects and the overall payout remains small relative to market capitalization. Investors in Germany should note that new Bitcoin purchases start a one-year tax holding period from the purchase date.
Bitcoin's mining difficulty and price context are provided here for readers. As of Oct 19, 2026 00:31 WIB, 4 of 50 major cryptocurrencies on Pluang rose while 44 fell. Notable movers include THETA at Rp3.351 with a 1-day change of -3.65%, SNX at Rp3.749 with a 1-day change of -3.55%, and CAKE at Rp38.670 with a 1-day change of -3.53%.
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Uniswap's (UNI) token reserves held on Binance decreased to about 72.9 million after a decline starting October 10. The token's price also dropped, closing at $7.15 on October 17, which is 21% lower than its $9.08 close on October 5. This reserve dec...
Uniswap (UNI) faces less selling pressure as Binance exchange outflows increase, reducing the tokens available for immediate sale. Although UNI's price rebounded towards $7, concerns about potential distribution remain due to previous inflow spikes. ...
