‘Price follows hash rate’ — Bitcoin fundamentals drop may delay $14K

Bitcoin (BTC) could see further downward price pressure this week as network difficulty is set to drop the most in five months.

Data from data resource BTC.com estimates that difficulty will drop by 8.3% at the next automatic readjustment in four days’ time.

Difficulty set to repeat June readjustment

The mining difficulty is an essential measure of the competition among miners in finding block subsidies, and by extension, the overall health of the mining sector.

Automatic readjustments…


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