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Crypto

Bitcoin mining industry flashes loss signal as difficulty drop looks likely

Bitcoin mining difficulty is increasingly likely to record its first annual net decline, as miners face weakening profitability. Mining difficulty has fallen from 148.3 trillion at the end of last year to 126.2 trillion, U.Today reported. Bitcoin is down 26 percent this year and average mining costs are estimated at $76,100 per coin versus a market price of around $65,000. Weather-related power costs and halted ASIC operations have also weighed on hashrate.

Crypto

Bitcoin holds around $66,000; VanEck says no clear bottom signal yet

Bitcoin has traded sideways in the $63,000 range over the past month, but asset manager VanEck views the move as an extension of a correction rather than a bottoming signal. In a report, it cited defensive derivatives positioning, weakening mining profitability and outflows from spot ETPs as signs short-term downside pressure remains. Trading activity and realised volatility have cooled. VanEck also flagged corporate selling, while on-chain data show rising long-term holding.