According to Bitinfocharts, the average daily bitcoin hashrate has fallen to 684.48 eh/s. This is the lowest indicator since mid -October last year
We understand how this factor is able to influence the Bitcoin market (BTC).
The hashReit decreased, but not to a minimum
In July 2023, the Bitcoin hashrate was 379.55 EH/S. Despite the current fall, at the time of writing this material, the indicator remains higher than these values. This supports the security of the bitcoin network.
The main reason for the decrease may be the increase in the costs of Bitcoin mining, which increased by more than 34% in the II quarter of 2025, when the hashReite reached new heights. Higher electricity prices and equipment costs forced many miners to suspend operations to avoid losses.
In addition, energy conservation programs contributed to a reduction in hash, as some mining farms are involved in the initiatives to reduce the load on the network. The geopolitical tension between Iran, Israel and the United States also brought its contribution to the reduction.
The Bitcoin market remains stable, despite changes in hash. At the time of writing, the price of bitcoin is $ 106,000, which indicates the positive mood of investors.
Bitcoin-ETF, especially BlackRock with $ 70 billion assets, continue to strengthen the confidence in Bitcoin as in an asset-shell, even when the US stock market falls. This emphasizes the growing discrepancy between bitcoin and traditional financial markets.
Bitcoin mining mesh can decrease by 9.37%
Another important factor is the upcoming change in the complexity of mining, scheduled for June 29, 2025. According to Coinwarz, the complexity will decrease from 126.41 T to 114.40 T – that is, by 9.37%.
This opens up opportunities for miners, as a decrease in complexity will increase profit, encouraging them to return to the network. At the same time, the stable price of bitcoin at the level of $ 106,000 and the growth of tributaries in ETF show that the market still believes in the potential of bitcoin.
However, the risks remain. If the hashReit continues to fall and the difficulty will not be adjusted on time, the pressure from the miners can reduce the price of bitcoin. In addition, macroeconomic factors, such as the geopolitical tension and percentage policy of the Fed, can affect the cryptocurrency market.
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Source: Cryptocurrency
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