Bitcoin’s hashrate increased significantly, achieving 898 EH/s since hitting a low of 810 EH/s. This recovery, driven by price increases and miner engagement, translates to a solid recovery in the mining sector.
Miners have benefited from an 11.62% rise in profitability since early June, with hashprice jumping to approximately 58.43 USD per PH/s from 52.35 USD, indicating a favorable market for mining.
The expected difficulty adjustment on July 12, 2025, could impact mining conditions. Additionally, a dormant Bitcoin whale transferred 30,000 BTC recently, further influencing market dynamics.
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