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Just caught that Bitcoin's mining difficulty is dropping again this weekend, looks like around 3% down. The network automatically adjusts this roughly every two weeks to keep block times steady at 10 minutes, and apparently miners have been moving slower lately at 10.30 minutes average. So the system eases off the difficulty to speed things back up.
What's interesting is this is the second straight drop. The hashrate has been declining lately, which suggests some miners are actually shutting down their rigs. Makes sense when you think about it - miner revenue depends on the block subsidy and BTC price, so when the price stays depressed, eventually some operations just pull out. The hashrate chart from Blockchain shows this 7-day average heading downward, which explains why we're seeing another difficulty drop.
BTC is sitting around $80.22K right now, up 0.48% in the last day. Curious to see if this mining pressure easing helps stabilize things or if we need more price recovery to bring miners back into the game.