The difficulty of Bitcoin mining has dropped by a record 28%-but will this help the price of Bitcoin rise? By Cointelegraph

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The difficulty of Bitcoin mining has dropped by a record 28%-but will this help the price of Bitcoin rise?

(Bitcoin) On July 3, its biggest mining difficulty dropped by nearly 28%, but a model suggests that the BTC price will not bottom until October.

in a Series of tweets On July 2, investment manager Timothy Peterson marked the relationship between Bitcoin price and hash rate as controversial evidence that the decline has not yet ended.

The 7-day average of the Bitcoin network hash rate. Source: Blockchain.com
Bitcoin hash rate ratio chart.Source: Timothy Peterson/Twitter