Why Today’s BTC Difficulty Adjustment May Cause the Price to Plunge
On March 25, (BTC) mining difficulty will decrease. The last time a downward adjustment took place, Bitcoin price plummeted more than 50% percent.
Bitcoin’s difficulty is designed to adjust every 2016 blocks — or approximately every two weeks. This adjustment is based on changes in the network’s hashrate, and occurs regularly in an attempt to ensure that the network continues to solve new blocks at a rate of one every 10 minutes.