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 | 72.4% | 61 | $41 312.94 | -1.79% | -2.97% | $782 208 393 376 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 65.6% | 74 | $3 057.90 | -4.13% | -4.99% | $364 557 204 266 |  |
|
| 3 |  USDT |
Tether predictions | 92.8% | 1 | $1.000957 | 0.03% | 0.07% | $78 389 539 616 |  |
|
| 4 |  BNB |
Binance Coin predictions | 71.6% | 61 | $454.95 | -4.03% | -0.74% | $75 119 228 033 |  |
|
| 5 |  ADA |
Cardano predictions | 71.2% | 51 | $1.37 | -11.53% | 13.83% | $45 869 836 376 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 1 | $0.999548 | -0.04% | -0.05% | $45 742 193 035 |  |
|
| 7 |  SOL |
Solana predictions | 62.8% | 81 | $134.45 | -3.98% | -3.06% | $42 237 959 711 |  |
|
| 8 |  XRP |
XRP predictions | 66.8% | 64 | $0.728701 | -3.80% | -4.17% | $34 732 162 139 |  |
|
| 9 |  LUNA |
Terra predictions | 69.6% | 57 | $76.09 | -1.12% | 0.67% | $27 219 693 512 |  |
|
| 10 |  DOT |
Polkadot predictions | 72% | 51 | $23.84 | -5.97% | -7.36% | $23 544 579 275 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 77.6% | 46 | $0.160728 | -5.76% | 5.59% | $21 323 857 260 |  |
|
| 12 |  AVAX |
Avalanche predictions | 62.4% | 79 | $81.61 | -6.07% | -9.81% | $19 942 092 907 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 68.8% | 63 | $0.000027 | -4.93% | -3.67% | $15 025 615 032 |  |
|
| 14 |  MATIC |
Polygon predictions | 69.2% | 59 | $2.02 | -8.18% | -12.60% | $14 789 690 265 |  |
|
| 15 |  BUSD |
Binance USD predictions | 96% | 1 | $0.999731 | -0.10% | -0.13% | $14 211 573 940 |  |
