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 […]
