๐จ Bitcoin Miners Under Pressure as Hashrate Drops ~8%
Fresh crackdowns in Chinaโs Xinjiang region have reportedly forced around 400,000 mining rigs offline. The result: an estimated 8โ10% decline in Bitcoinโs global hashrate.
This sudden hit to network power has added short term selling pressure. Some miners are liquidating BTC and equipment to cover costs, while mining activity shifts toward other regions. With less hashpower online, Bitcoinโs mining difficulty is expected to adjust downward in the next cycle.
The bigger picture stays the same. Regulatory shocks can shake the network in the short run, but Bitcoin is built to rebalance, adapt, and keep moving forward. The protocol doesnโt panic. It adjusts.
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