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Bitcoin Mining Difficulty Drops 11% in Largest Negative Adjustment Since China's 2021 Ban
Bitcoin’s mining difficulty fell 11.16% to 125.86 trillion at block height 935,424. This represents the biggest single negative adjustment since July 2021 following China’s mining crackdown. The drop follows a roughly 20% decline in network hashrate over the past month, attributed to falling Bitcoin prices and winter storm-related shutdowns. Bitcoin’s network has undergone its most significant mining difficulty adjustment in…
Bithumb accidentally distributed approximately 620,000 BTC (worth ~$43 billion) due to a system configuration error during a rewards event. The glitch credited 2,000 BTC per user instead of the intended 2,000 Korean won ($1.40). Localized Bitcoin prices on the exchange plunged 17% as recipients immediately attempted to liquidate the unexpected windfall. The exchange has recovered 99.7% of the assets and pledged to compensate users affected by…
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Bitcoin Recovers to ,000 As Altcoins Rally
Bitcoin has powered back to the $70,000 level, marking a dramatic rebound that has lifted sentiment across the cryptocurrency market. After briefly dipping below $60,000 earlier in the week, Bitcoin’s resurgence has been swift and decisive. The benchmark cryptocurrency surged nearly 15% in just two days, fueled by strong inflows into spot Bitcoin exchange-traded funds (ETFs) and renewed institutional demand. Traders now view $70,000 as a cr…
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Bitcoin surged over 11% to reclaim the $71,000 level after hitting a 16-month low near $60,000 during a volatile Thursday session. The rebound was fueled by a recovery in tech stocks and significant short liquidations in the crypto futures market, totaling over $1 billion in the last 24 hours. Crypto-tied equities like MicroStrategy and Coinbase saw double-digit gains, with MSTR jumping 25% to lead the Nasdaq. Analysts at JPMorgan highlighted…
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Bitcoin Plunges to K in Flash Crash as Market Turmoil Deepens
Bitcoin dropped to $60,000 in a flash crash on Thursday night, marking its lowest level since September 2024. The plunge triggered over $2 billion in liquidations across the crypto market. Analysts attribute the selloff to repeated failures at key support levels and a risk-off sentiment in global markets. In a stunning turn of events, Bitcoin suffered a severe flash crash late Thursday, plummeting to $60,000 before partially…
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