Bitcoin Hashrate Drops 20% as Mining Profitability Collapses

GateNewsBot

2026-02-10 18:29:00

BTC-2,56%

Gate News bot message, Bitcoin’s hashrate has dropped approximately 20% as mining profitability collapsed. Crashing BTC prices and Winter Storm Fern across 34 U.S. states triggered the largest difficulty adjustment since China’s 2021 ban. Many miners shifted operations during this period.

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[Market Analysis] Software stocks rebound, financial stocks plummet... Influenced by "sluggish" economic indicators, bond buying increases, and interest rate cut expectations heat up

bitcoin news Market Analysis Price Volatility Macroeconomics Monetary Policy Global Markets

The U.S. stock market strengthened as the small business optimism index declined and retail sales remained weak, with rate cut expectations rising to 60 basis points. Concerns related to AI affected financial stocks, and investors bought on dips. Bitcoin fell below $70,000, and the outlook for tech stocks is cautious ahead of the upcoming employment data release.

TechubNews10m ago

When the US dollar drops by 10%... will Bitcoin once again usher in a "bull market"?

bitcoin news Monetary Policy Global Markets

If the Federal Reserve cuts interest rates early, the US dollar could decline by 10%, which would benefit digital assets like Bitcoin. Analysts believe that a weakening dollar is inversely correlated with Bitcoin prices, but caution is advised when analyzing investment risks and market changes.

TechubNews1h ago

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