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Bitcoin (BTCUSD) Tumbles as Mining Difficulty Plunges 10% Amid Margin Squeeze

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The Story

News Summary

  • Bitcoin mining difficulty plunged 10.09% following a June price slide that squeezed miner margins, forcing unprofitable rigs offline.
  • Although the drop boosts immediate mining yields, the average production cost of $84,300 remains far above Bitcoin's current spot price of around $63,780.
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BTCUSD price history

77520.30 +17.67% over the displayed period

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