Bitcoin hash rate is tumbling as Iran war lifts energy prices

A falling hash rate and the resultant pressure on miners could signal another potential capitulation phase, which could push prices down further What to know : The Bitcoin network hash rate has declined roughly 8% in the past week to 920 EH/s, likely tied to energy market disruptions in the Middle East. Bitcoin mining difficulty is set to fall as much as 10%, marking one of the largest downward adjustments over the past five years. A sharp drop in hash rate often coincides with periods of miner stress and downside pressure on bitcoin prices.(Coindesk)