Bitcoin mining difficulty drops amid miner exodus

Bitcoin's mining difficulty experienced a significant 7.76% decrease, reaching 133.79 trillion. This marks the second-largest negative adjustment of the year, triggered by average block times exceeding the 10-minute target. The network's hashrate has also declined from its previous peak, falling below 1 zetahash. This difficulty reduction follows a period of volatility, including a substantial drop in February attributed to weather disruptions. Current projections suggest a further decline in mining difficulty in the upcoming adjustment, indicating a continued trend of network recalibration.