[Analysis: Iran Situation Drives Up Energy Costs, Bitcoin Hashrate Decline Intensifies Miner Pressure] Odaily Planet Daily News: The rise in oil prices caused by Middle East conflicts has led to a significant drop in Bitcoin hashrate, putting pressure on miners and the overall market. Over the past week, network hashrate has decreased by approximately 8%, reaching 920 EH/s, suggesting a potential new round of miner capitulation, which is typically accompanied by downward price pressure. Currently, Bitcoin's price is below $72,000, down about 5% from Monday's peak. The network is expected to undergo an approximately 8% difficulty adjustment, marking the second-largest negative adjustment in the past five years. Previously, in mid-February, Bitcoin also experienced a historic large-scale difficulty adjustment, indicating significant volatility in mining activity. Analysts point out that the pressure faced by miners stems from intensified competition, persistently low transaction fees, and Bitcoin price fluctuations, which have squeezed profit margins. Many publicly listed mining companies have begun diversifying their operations, including ventures into AI and high-performance computing, while increasing Bitcoin sales to sustain operations, which has also exerted some pressure on Bitcoin's price. (CoinDesk)