Cryptocurrencies: 3328 / Markets: 23186 Market Cap: 24h Vol:
Bitcoinist
2020-06-04 05:12:22

Bitcoin Stares at Another Big Plunge as Mining Difficulty Hints Dropping 10.25%

Bitcoin mining difficulty could drop by 10.25 percent on Thursday. It will be the most significant downward adjustment since “halving.” Historically, wild negative swings in Bitcoin’s mining difficulty has led to significant price drops. Bitcoin risks undergoing a short-term price drop as it becomes easier for its producers to mine it. Sasha Fleyshman, a trader at California-based Arca, noted that Bitcoin’s network difficultly could drop by as much as 10.25 percent during the New York […]

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer