Bitcoin mining difficulty fell by a great margin on 6 December. This was one rare instance that happened after July 2021. The drop in difficulty at block height 766,080 was 7.32% as per the data on the BTC.com mining pool.

After the bearish market sentiment hit the cryptocurrency industry, Bitcoin miners are powering off machines. This is the lowest since a drop of 28% in July last year when China imposed a ban on crypto mining; China used to be the world’s largest Bitcoin mining hub then.

(By Suzuki Shillsalot)