🚨 Bitcoin Miners Under Pressure as Hashrate Drops ~8%
Fresh crackdowns in China’s Xinjiang region have reportedly forced around 400,000 mining rigs offline. The result: an estimated 8–10% decline in Bitcoin’s global hashrate.
This sudden hit to network power has added short term selling pressure. Some miners are liquidating BTC and equipment to cover costs, while mining activity shifts toward other regions. With less hashpower online, Bitcoin’s mining difficulty is expected to adjust downward in the next cycle.
The bigger picture stays the same. Regulatory shocks can shake the network in the short run, but Bitcoin is built to rebalance, adapt, and keep moving forward. The protocol doesn’t panic. It adjusts.
🇷🇺 Russia to Enforce Year-Round Crypto Mining Ban From 2026
Starting in 2026, Russia will impose a permanent ban on crypto mining in Buryatia and Zabaykalsky Krai. The move targets energy pressure and grid stability, but its impact won’t stay local.
What this could trigger: • Forced miner relocation and temporary hash rate disruption • Short-term uncertainty and volatility in BTC and mining-linked assets • Increased concentration of mining power in fewer regions • Higher operational costs as miners shift jurisdictions
Markets have seen this movie before. China’s mining crackdown caused a sharp hash rate shock and a brutal BTC drawdown before the network stabilized and recovered.
The key takeaway: policy shocks create short-term fear, not long-term weakness. Watch hash rate trends, miner flows, and market reaction before jumping to conclusions.