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PropMarketCapExchanges and infrastructure

Bitcoin mining difficulty fell by 9.13% — some miners are shutting down equipment

The Bitcoin network automatically recalculated mining difficulty and lowered it by 9.13% at once. This is how the network responds to part of its computing power leaving: at the current price, mining has stopped being profitable.

PropMarketCapExchanges and infrastructure

Bitcoin is $740 away from the average purchase price of new holders

According to calculations by the analytics platform CryptoQuant, as of November 1, the average purchase price of coins that last moved on the blockchain 1-3 months ago was $77,140. The BTC price at that moment was $77,880 - less than 1% above the breakeven point of recent buyers.