Crypto Quant Research Director: Miners’ Current Income Is the Lowest Since March 2020
Julio Moreno, the head of research at Crypto Quant, stated in a post on X platform that there are signs that ordinary Bitcoin miners are facing pressure after the halving, as their income has sharply decreased after the halving, and their current income is the lowest since the COVID collapse in March 2020. As a result, the hash rate has dropped, leading to the fourth negative difficulty adjustment of the year for the BTC network. In fact, we can indirectly see the decrease in hash rate through the -5.6% difficulty adjustment, which is the largest negative adjustment since November 2022 (one month after the FTX crash).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Large Fed rate cut may increase Bitcoin market risks
![](https://img.bitgetimg.com/multiLang/image/social/a5aa8cba96e70922467d7a657d0063881725895501483.jpg)
Healthcare projects are leading the pack in decentralized science
![](https://img.bitgetimg.com/multiLang/image/social/87b1ae7d8e40fb43613694d08ad5bbc31725890558378.jpg?fit=460,314)
Trump-Harris debate and CPI reading expected to drive crypto market volatility this week: QCP Capital
QCP Capital analysts anticipate increased crypto market volatility this week, with attention focused on Tuesday’s Trump-Harris debate and Wednesday’s U.S. CPI reading.The analysts added that derivatives market positioning indicates a continued bearish preference for puts in bitcoin and ether.
![](https://img.bitgetimg.com/multiLang/image/social/87fccaaedf2bd14c8c929760b43e58de1725893712383.jpg)