Bitcoin mining difficulty drops for fourth time in a row
Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May. Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop.
On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to data from Bitcoin explorer BTC.com.
The latest mining difficulty adjustment occurred at block 691,488, reducing the difficulty rate from 14.4 trillion to 13.7 trillion, the lowest level recorded since June 2020. The difficulty metrics have now almost halved over the past two months, after reaching over 25 trillion on May 13. The latest Bitcoin mining adjustment follows a series of consecutive difficulty drops that started with a nearly 16% decline on May 29. Further negative adjustments continued with a 5.3% drop on June 13 and a massive 28% decline on July 3 — the biggest mining difficulty drop on the Bitcoin network.
Bitcoin mining difficulty is a measure of how hard it is to mine a BTC block, with a higher difficulty requiring additional computing power to verify transactions and mine new coins. Bitcoin’s mining difficulty adjustment occurs every 2,016 blocks, or about every two weeks, as Bitcoin is programmed to self-adjust in order to maintain a target block time of 10 minutes.
Bitcoin’s continuing mining difficulty decline comes in response to the ongoing miner migration out of China caused by a major crackdown on the cryptocurrency mining by local authorities. The ongoing difficulty drop falls in parallel with declining Bitcoin hashrate as well as decreasing average BTC transaction fees.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 74.4% | 45 | $16 999.10 | 0.30% | 2.81% | $326 793 694 340 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 72% | 50 | $1 258.79 | -0.89% | 3.82% | $154 042 450 353 |  |
|
| 3 |  USDT |
Tether predictions | 94.4% | 1 | $1.000138 | 0.01% | 0.06% | $65 505 283 273 |  |
|
| 4 |  BNB |
Binance Coin predictions | 72.8% | 54 | $289.87 | -0.40% | -7.09% | $46 371 221 042 |  |
|
| 5 |  USDC |
USD Coin predictions | 92.4% | 1 | $1.000102 | 0.01% | -0.01% | $43 358 494 798 |  |
|
| 6 |  BUSD |
Binance USD predictions | 95.6% | 1 | $1.000239 | 0.01% | 0.07% | $22 157 473 654 |  |
|
| 7 |  XRP |
XRP predictions | 78% | 44 | $0.388809 | -1.23% | -3.85% | $19 541 690 215 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 63.2% | 79 | $0.103561 | 1.75% | 1.87% | $13 739 497 371 |  |
|
| 9 |  ADA |
Cardano predictions | 66.4% | 68 | $0.320391 | -1.17% | 1.19% | $11 037 404 828 |  |
|
| 10 |  STETH |
Lido stETH predictions | 91.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 67.2% | 69 | $0.912162 | -1.15% | 6.57% | $7 967 115 477 |  |
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| 12 |  DOT |
Polkadot predictions | 71.6% | 56 | $5.53 | -0.48% | 2.89% | $6 315 400 348 |  |
|
| 13 |  DAI |
Dai predictions | 90.8% | 1 | $1.000046 | 0.02% | 0.06% | $5 687 378 055 |  |
|
| 14 |  LTC |
Litecoin predictions | 66% | 77 | $76.27 | -0.54% | -0.95% | $5 472 754 389 |  |
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| 15 |  WTRX |
Wrapped TRON predictions | 74% | 50 | $0.053237 | -1.60% | -0.26% | $5 412 950 383 |  |
