Solo Bitcoin (BTC) miners are taking the highlight, with a number of blocks being mined by particular person miners over the past week. On Dec. 19, a solo miner mined block 928351 utilizing simply $100 value of hashpower on NiceHash, incomes 3.152 BTC, valued at about $271,000. On Dec. 23, one other solo miner mined block 928985, incomes 3.128 BTC, valued at round $281,000. In keeping with Cointelegraph, one other solo miner has mined a brand new block on the Bitcoin (BTC) community, incomes 3.12 BTC. The solo mining streak might have been amplified by the latest dip in hash price. According to VanEck, the network hashrate fell by 4%, the sharpest dip since April 2025.
Bitcoin Continues Descent Amid Solo Mining Streak
Bitcoin’s ongoing struggles appear to have no finish in sight, with costs falling beneath the $87,000 mark. According to CoinGecko’s Bitcoin data, BTC’s worth has dipped 0.2% within the final 24 hours, 6% within the 14-day charts, and seven.8% since December 2024. The unique crypto has registered small features in weekly and month-to-month charts, rallying by 0.4% and 0.3%, respectively.
Bitcoin (BTC) has seen a downtrend proper after hitting an all-time excessive of $126,080 in October of this 12 months. Since its October peak, BTC’s worth has struggled to achieve momentum. BTC’s downtrend is very stunning, provided that the Federal Reserve has rolled out two rate of interest cuts within the final three months. The lackluster efficiency is attributed to macroeconomic circumstances.
Bitcoin (BTC) might even see some reduction in 2026. A number of monetary establishments, comparable to Grayscale, Bernstein, and VanEck, anticipate the asset to rebound quickly. Grayscale and Bernstein anticipate BTC to hit a brand new all-time excessive in 2026. VanEck has predicted that BTC could also be close to its backside.
Additionally Learn: VanEck Predicts Bitcoin Is Near Its Bottom: Reversal Incoming?
However, Barclays has introduced a bearish outlook for subsequent 12 months. The monetary establishment anticipates the crypto market to face further challenges in 2026, arising from decreased spot buying and selling volumes and low demand. Bitcoin (BTC) might face additional worth corrections below such circumstances.
