The Tron founder said it has been a long-time dream to travel to space and reflected on the fragility of the planet following his return.
Bitcoin’s volatility has been declining but remains higher than traditional assets, making it attractive for income generation but risky for institutions seeking stability.
The crypto market is on the back foot after Bitcoin retreats below the $113K threshold, losing over 21% in trading volume over the past 24 hours. The community sentiment is also pushing into the bear zone as the Fear and Greed Index retreats to neutral. Despite the looming trend, one Bitfinex whale decided this is the right time to invest and started gobbling up Bitcoins at a rate of 300 per day. Blockstream CEO, Adam Back, is the one who pointed it out, while also reminding the community that the same whale was acquiring $BTC at a rate of 1,000 per day back in February. This type of investment in a crypto market has ‘buy the dip’ written all over it, in preparation of an even bigger bull. The Market Goes Down as Eric Trump Pushes ‘Buy the Dip’ Message Eric Trump joins the ‘buy the dip’ crowd by sending the message loud and clear on X. Eric posted the message just as Bitcoin was sinking to $112,724, displaying his undying confidence in Bitcoin’s ability to bounce back. This was expected, given that Eric Trump’s Bitcoin stake is about to get $367M fatter. This would be the direct result of the merger between American Bitcoin Corp. and Gryphon Digital Mining, which would give Eric Trump access to over 367M shares, each valued at $1. The deal is set to undergo stockholder approval on August 27, 2025, and 10 AM ET. The merger, announced on July 29, would make Eric Trump one of the wealthiest individuals in the crypto sphere, which would rush in a new era for Bitcoin and, by extension, the entire crypto market. But why is the crypto market backpedalling? The most obvious reason is Trump’s tariff suspension ending on Friday, which puts pressure on the global economic system once more. On the bright side, the trade agreement saw tariffs go down for US’s trading partners, especially for countries like the UK, Vietnam, Indonesia, and the EU. Despite that, the feeling of economic uncertainty and turmoil lingers, which, ultimately, benefits the crypto market. This means that we should expect a crypto resurgence once Bitcoin bounces back, at which point projects like Snorter Token ($SNORT) will become top gainers thanks to their blockchain utility. Why Snorter Token ($SNORT) is Perfect for Opportunistic Investors Snorter Token ($SNORT) is the perfect ecosystem for opportunistic investors thanks to Snorter Bot, the trader’s best sniper friend. Snorter Bot is the ideal solution to manual coin hunting, which is typically ineffective and exposes you to scams like honeypots and rug pulls. The Bot circumvents these problems by: Instituting real-time alerts to protect against suspicious projects Sniping hot tokens in milliseconds after liquidity appears; so, no lost opportunity Operating in its Telegram chat-only, eliminating the need for multiple wallets, plug-ins, and browser extensions The Copy Trading perk is also great for replicating proven strategies to increase your chance of success. All these advantages recommend Snorter Token ($SNORT) as the best choice for opportunistic traders who lack the time or know-how to engage with the market actively. With Snorter Token, you just tailor the Aardvark Bot according to your needs, give it the sniper rifle, and set it loose. $SNORT is still in presale now with a cash pool of $2.7M and growing and a token price of $0.1001. So, if you want to join the project, you should do it while $SNORT is still at its presale price. Given the project’s utility and following post-launch mainstream adoption, $SNORT could experience a massive chart boost in 2025. You can buy your $SNORT by going to the presale page today. When Will the Crypto Market Recover? With Bitcoin already back above the $114K threshold and a 24-hour growth rate of 0.55%, it’s safe to say that the market is already pushing back. While it’s too early to say whether this is a small bump or the sign of a sustained climb, one thing is certain: Bitcoin will bounce back. And when it does, we should expect a new ATH, following July’s $123,153.22, which will drag the entire market along for the ride. That’s when utility-based projects like Snorter Token ($SNORT) could also see an investor surge. This isn’t financial advice. Do your own research (DYOR), manage risks properly, and invest wisely.
SharpLink bought the dip and added another $100M-worth of $ETH to its Ethereum treasury. Arkham pointed out that the address that moved the $ETH already bought another $800M previously for SharpLink Gaming, with the latest transaction of $108.6M going to Galaxy Digital OTC. Data from Strategic ETH Reserve places SharpLink Gaming second on the list of companies with the largest $ETH reserves, with 438.2K tokens. Bitmine Immersion Tech occupies the first spot with 625K $ETH, while the third place belongs to The Ether Machine with 334.8K coins. According to the same data, 2.26% of the total $ETH supply is spread out between 63 strategic reserves, amounting to 2.73M coins with a value of $9.39B. Institutional Interest for $ETH is Going Up as Bitmine’s Tom Lee Predicts a $60,000 $ETH The data shows that public institutions show an increased interest in Ethereum, with some entities exhibiting aggressive buying strategies. The Ether Machine is one such case, after adding 15,000 $ETH to their treasury recently at an average price of $3,809.97 for a total investment of $56.9M. Moreover, the company also announced that they plan an additional $407M investment, which, if it goes through, would more than double Bitmine’s current $ETH reserves of 625K. As the company put it in their X post, this investment strategy isn’t about profit hunting: ‘We are just getting started. Our mandate is to accumulate, compound, and support ETH for the long term – not just as a financial asset, but as the backbone of a new internet economy.’ Bloomberg analyst, Eric Balchunas, also pointed out that Ethereum ETFs are experiencing a price surge, with massive inflows hitting the market. Ethereum’s ETF inflows are currently outperforming Bitcoin, up 13% to Bitcoin’s 8% loss over the past two months. This pro-ETH context, with Wall Street becoming increasingly more interested in the asset, drove Tom Lee, chairman of Bitmine, to put $ETH’s Estimated Value Potential (EVP) at $60,000+. He also thinks that the ETH/BTC ratio is off right now and that it’s likely to match 2024’s numbers soon, which would force $ETH up to $5,707 in the near future. With $ETH booming in charts and a bull run waiting to happen, ERC-20 projects like Best Wallet ($BEST) are likely to catch steam first. How $BEST Fuels One of the Best Non-Custodial Wallet Ecosystems $BEST is the official token of the Best Wallet ecosystem, a non-custodial, KYC-free service that’s perfect for novice and experienced traders alike. Best Wallet’s non-custodial profile translates to higher security, as you control the private key and, thus, the funds. The wallet also offers access to a variety of features, including the Token Launchpad, which grants exclusive access to upcoming tokens, allowing you to invest early. The Market Insights feature is another useful addition, feeding you real-time updates on hot projects, market sentiment, and chart trends. This allows you to make more informed decisions before investing. $BEST is currently in presale with over $14.4M already in the bank. This makes $BEST one of the most successful presales of 2025 and one that sets Best Wallet on the road to success. Based on Best Wallet’s features, public appeal, top security, and the fact that it’s free to use, we expect $BEST to experience a chart boom post launch. $BEST’s growth will further feed the Best Wallet ecosystem, pushing it closer to its underlying goal: to capture over 40% of the crypto wallet market share by 2026. You can buy $BEST at its presale price of $0.025425 by visiting the official presale page. Will We See Another $ETH ATH in 2025? Given the rising investor interest in $ETH, we may see another Ethereum rally soon, pushing the asset to the psychological threshold of $4,000. We may not get Tom Lee’s $60K Ethereum in 2025, but a goal of $5,700 isn’t impossible, once $ETH clears the $4,000 resistance point. When that happens, projects like Best Wallet ($BEST) will be among the first to see the benefits. This isn’t financial advice. Do your own research (DYOR) and invest wisely.
Bitcoin’s recent climb has been calm and measured, a sharp contrast to the explosive rallies of the past. It’s trading above its historical growth path, but far from overheating. Long-time holders remain mostly inactive, while the bulk of trading activity is coming from fresh faces in the market. Related Reading: No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst Bitcoin Growth Remains On Track Based on reports by Arab Chain using CryptoQuant data, Bitcoin’s price is tracking a Power Law trend that suggests a smooth, logarithmic rise over time. That model creates a curved path rather than sudden spikes. Right now, BTC sits above the expected growth line but well below the upper “red zone” that signals overheating. The divergence indicator is positive, yet far from levels seen in past bubbles. This pattern hints at natural growth or perhaps the early stages of renewed betting. Divergence Keeps Room For Upside Analysts note that staying below the top watch zone leaves room for more gains before panic sets in. In prior cycles, prices shot through that red zone and then collapsed. Today, Bitcoin is about $50,000 under its most recent peak level. That gap suggests buyers still have breathing room if they choose to push prices higher. On-chain data from Glassnode shows short-term holders (STHs) are behind most of the action. Around 86% of Bitcoin’s spent volume over the last 24 hours came from wallets active less than 155 days, totaling $18 billion. Long-term holders (LTHs) accounted for only 14.5% of spent volume, or $3.10 billion. That split means newer entrants are driving swings, while veteran holders stay largely on the sidelines. Long-Term Holders Show Conviction That dichotomy between STHs and LTHs tends to indicate intense conviction among core believers. When long-term owners remain in place, price drops tend to be more subtle. Buyers who have hung on for years or months typically view dips as opportunity to add rather than times to sell. Bitcoin was trading around $114,113 at press time following a pullback from recent highs of about $118K. The daily Relative Strength Index had fallen to 43, indicating a loss of bullish momentum without going into oversold levels. On-Balance Volume has been declining in the past week, indicating weakening buying pressure. Related Reading: More Work, Less Reward: Bitcoin Mining Toughens As Price Sinks To $113K Market Cooling Doesn’t Mean Collapse Reports have disclosed that this mix of signals fits a market that’s cooling rather than crashing. Traders are taking profits, yet they aren’t rushing for the exits. The overall picture points to a maturing market that still has room to run but won’t likely repeat the manic swings of years past. Featured image from Pexels, chart from TradingView
The iconic statue of pseudonymous Bitcoin creator Satoshi Nakamoto has become a textbook symbol of the global Bitcoin movement.
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Hands up if you’ve heard of Luckycoin. If it sounds familiar, you’re either an industry OG since the days of the Silk Road and […]
The post Anonymous creators, storybook slumbers, and a Marvel-style villian: Luckycoin’s stranger-than-fiction journey appeared first on CryptoSlate.
From Mafia and Madden to Metal Gear and Shinobi, this month is a full-on revival tour for some of gaming’s greatest franchises.
The price of Bitcoin started the weekend—and the new month—in the worst possible way after falling below the $115,000 mark on Friday, August 1. This price decline seems to be worsening, as the premier cryptocurrency now sits beneath the $113,000 level following United States President Donald Trump’s recent nuclear threat. This recent movement has sparked market-wide conversations about the possibility of Bitcoin already reaching the price top in the current cycle. However, the consensus seems to be that the price of BTC still has the potential to embark on at least another leg up before finally reaching its cycle peak. BTC Could Revisit Former Highs In Near Term: Analyst In a Quicktake post on the CryptoQuant platform, on-chain analyst Amr Taha built a bullish case for the price of Bitcoin following recent shifts in the Bitcoin market and the broader macro dynamics. In the BTC market context, the crypto pundit highlighted the changes in the coin’s spot volume on Binance, the world’s largest cryptocurrency exchange by trading volume. Related Reading: No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst Data from CryptoQuant shows that Binance registered over $7.6 billion daily BTC spot volume, marking one of the most significant increases in recent weeks. However, this notable spike in trading activity coincided with a dip in Bitcoin’s price from above $118,000 to around $113,000, signaling increased volatility and trader repositioning. Taha noted that, from a historical perspective, spot volume spikes of this magnitude—like the $7 billion surge seen on June 22—have often been correlated with local bottoms or major price reversals. Hence, the latest jump in the Bitcoin spot volume could represent renewed investor demand and be ultimately bullish for the market leader. In the macroeconomic context, Taha highlighted that the US Federal Reserve’s net liquidity also witnessed a significant increase on Friday, jumping from $6 trillion to $6.17 trillion. For more context, net liquidity is typically considered a significant macro driver for risk assets like Bitcoin. As such, a net liquidity spike implies more fiat money is circulating in the financial system, which can flow into equities, cryptocurrencies, and other risk-on assets. Hence, increases in the Fed’s net liquidity have historically coincided with bullish shifts across markets, as seen during late 2023 and early 2024. Ultimately, Taha concluded that the combination of the rise in Bitcoin spot volume on Binance and the Fed’s net liquidity could set the stage for bullish continuation for the flagship cryptocurrency. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $112,600, reflecting an over 1% decline in the past 24 hours. Related Reading: Exchanges Receive 21,400 Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? Featured image from iStock, chart from TradingView
BTC price is retesting a key support that previously triggered a 25% rally, potentially signaling a repeat move toward new all-time highs for Bitcoin.
Dubai now enables crypto property deals under clear VARA rules, with major developers like Damac and Emaar accepting BTC, ETH and stablecoins.
Crypto tokens have failed retail investors through insider concentration and poor design. Regulation and tokenized real-world assets offer hope for revival.
Patriot Package subscribers to the Truth+ streaming service will receive gems that can eventually be traded for a utility token, the company said.
According to a report by digital asset firm CoinShares, Bitcoin could see a surge of more than 65% from today’s price if it wins just a small slice of major monetary pools. At its current level just above $113,500, that jump would take BTC up to about $189,000. It’s a simple idea with big implications. Related Reading: No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst Potential Market Share Based on reports, global liquidity—known as M2—is sitting at roughly $127 trillion, while all mined gold adds up to almost $24 trillion. CoinShares applies a so-called Total Addressable Market (TAM) model to those figures. If Bitcoin captures 2% of global M2 and 5% of gold’s market cap, the sum points to a $189,000 price tag. It doesn’t assume BTC will take over corporate treasuries or forex reserves, yet even that limited reach could send prices much higher. Some Bitcoin Investors Are Excited Many in the crypto crowd like how clear it is. You look at the size of the cash and gold markets. You pick some modest targets. Then you do the math. It shows that winning tiny slivers of those pools could be very rewarding. You don’t need a blanket take-over of every money market to make a strong case for Bitcoin as an investment. Top-Down Model In Action A TAM model starts at the top. It sizes up the biggest buckets—cash, deposits, gold—then assumes what share a newcomer might grab. It’s common in startup pitches. Here, CoinShares leans on data from the World Gold Council, Trading Economics and Glassnode to keep the numbers fresh. The big pools aren’t static, but they do highlight the scale of what’s out there. This method skips over many real hurdles. Regulation could slow adoption. New digital coins might offer competing features. Shifts in interest rates can shrink or swell M2 overnight. Even gold’s market value can dip if miners sell or central banks offload bars. That makes any model’s timeline shaky. Challenges And Timelines Based on projections, Bitcoin’s share of these markets might creep up over the next decade. That assumes steady gains in user trust, clearer rules from governments and smoother ways for big institutions to buy and hold crypto. Related Reading: XRP ETF Approval Incoming? Analyst Eyes September-October Window If that path holds, hitting 2% of global liquidity and 5% of gold could be realistic. But if policies shift or fresh tech disappoints, the climb could stall. Whether Bitcoin reaches $189,000 will depend on a mix of policy, innovation and investor appetite. For now, the TAM view gives a neat snapshot of what could happen if the top coin starts grabbing those market shares. Featured image from Unsplash, chart from TradingView
From Reddit thrill-seekers to Goldman Sachs trading desks, everyone’s testing AI chatbots to pick stocks. One teen’s 24% return went viral, but pros say proceed with extreme caution.
Bitcoin exchange inflows have been increasing for over a month, and the latest BTC price drawdown has made nervous sellers double down.
TradFi giants made 345 blockchain investments between 2020–2024, with G-SIBs leading 100+ deals across tokenization, custody and payments.
The Bitcoin art world has suffered a blow as the enigmatic statue of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has vanished from its current home in Lugano, Switzerland. The Satoshigallery, which curated and displayed the piece, has announced a reward of 0.1 BTC to anyone who can help recover the stolen statue, further deepening the mystery […]
The post Satoshi vanishes for a second time as Swiss gallery offers 0.1 BTC to recover stolen statue appeared first on CryptoSlate.
The Bitcoin market has been showing signs of increasing selling pressure, with its recent price action hinting at an even deeper distribution phase unfolding beneath the surface. Wyckoff Pattern Reveals Imminent Breakdown In an August 2 post on the social media platform X, crypto analyst Joao Wedson explained how the Bitcoin price may be at risk of a downturn over the coming months. The analyst based his conclusion on the Wyckoff Distribution model, a technical analysis framework that describes how smart money sells off assets at the top of a market cycle. Related Reading: Bitcoin Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show Caution Wedson highlighted in the post that a 13-phase schematic is unfolding in real-time, which signals that the institutional investors (known as “smart money”) are preparing to exit the market, even as the retail traders remain hopeful. The analyst started his breakdown with the Preliminary Supply (PSY) phase, where there are subtle signs of institutional sales, and a Buying Climax, where price hits a peak due to exhausted demand. This phase is then followed by an Automatic Reaction (AR), a sharp drop in Bitcoin’s price, defining the bottom of the distribution range. The fourth and fifth phases are Secondary Tests (ST), where price retests the highs of the distribution range, but with weaker momentum and volume. As the pattern matures, the price enters Phase B with sideways movement, confusing retail participants as the institutions quietly offload their coins. The most irrefutable signs appear in phases C and D, where there is first a Sign of Weakness (SOW), often characterized by a strong breakdown with volume; this is a major signal of demand fading. Then, there is a Last Point of Supply (LPSY), a weak rally towards the upside, which typically creates good setups for shorts. Finally, still within phases C and D, a break of ICE leads to a deeper fall, after which a second LPSY trap follows to seal the distribution. Is The Altcoin Rally Underway? Going further, Wedson pointed out that the market makers are rotating into altcoins. According to the analyst, altcoins are already exiting their accumulation zones and are being positioned for structural markups, reflecting increasing interest in the altcoin market. In contrast, Bitcoin has entered a weekly distribution phase, which may reflect as a weak or modest performance in the near term. Wedson added that, by the end of 2025, there will be a full rotation from BTC to altcoins, and then finally to fiat. As of this writing, Bitcoin is valued at about $113,439, reflecting no significant movement in the past 24 hours. Related Reading: Record Bitcoin Prices Propel Strategy To First Profit In Six Quarters Featured image from iStock, chart from TradingView
The Mag 7 firms are expected to spend $650 billion in capex and R&D this year, an amount bigger than the U.K. government’s annual public investments.
Ether's price fell nearly 10% this week, breaking a five-week winning streak amid broader market jitters.
The gallery has installed three of a planned 21 copies of the statue around the world honoring Bitcoin's pseudonymous creator.
Pi Coin has hit a new all-time low, falling to $0.34. The continued unlocking of new tokens every month has added to the pressure, making it difficult for the price to hold steady. While many altcoins saw gains last week, Pi Coin continues to lag behind. One analyst has warned that Pi Coin could be …
Popular market analyst and key opinion leader (KOL), Ted Pillows, shares an insight into the Solana (SOL) market, stating the altcoin is likely to experience further price corrections in the short term. This price forecast comes amid a general crypto meltdown during which Solana prices have crashed by over 15% in a week. Related Reading: Altcoin Rally To Commence When These 2 Signals Activate – Details SOL Charts Hint At Retrace To $140 As Bullish Pattern Forms In an X post on August 1, Pillows outlines a Solana price prediction based on a forming cup-and-handle pattern on the monthly chart. In general trading, the cup-and-handle represents a classic bullish continuation pattern. As observed in the chart below, it begins with a tea cup formation where price first declines and then gradually recovers, forming a “U” or bowl-shaped curve. After the cup, the price pulls back slightly, creating the “handle.” Pillows’ analysis indicates that Solana is currently at this stage of the bullish pattern following a previous price rally to $235 earlier in January 2025. Solana is now undergoing a long-term descending consolidation movement, which Pillows project will lead the altcoin to trade as low as $140-$150. Presently, SOL trades around $159, indicating the altcoin may still undergo an additional estimated 11% price loss despite the registered heavy corrections in the past week. However, being a bullish continuation pattern, Solana’s successful return to $140-150 price range would also signal a potential price rally. However, Pillows’ analysis also indicates that the altcoin must first break past the neckline price at $235 to validate such bullish intent. If this scenario plays out positively, the top market analyst predicts Solana to trade as high as $1,000, suggesting a potential 532.91% gain on present spot prices. Despite recent price corrections, Ted Pillows strongly supports Solana’s bullish potential, noting the altcoin continues to record high levels of network activity, signalling a substantial level of market interest. Related Reading: Solana Faces Ethereum Scam Woes as TD Sequential Hints at Bullish Breakout Solana Market Overview At the time of writing, Solana trades at $159.34 after a 3.84% decline in the past day. Meanwhile, the asset’s daily trading volume is also down by 37.85% and valued at $4.98 billion. However, in line with Pillows’ prediction, Solana holds immense potential for future price appreciation, especially as a potential altseason approaches. The bullish sentiment among SOL investors is also driven by substantial institutional interest in the altcoin among many others. NewsBTC has earlier reported that several asset managers, including Grayscale, VanEck, and Fidelity, have also revised their Solana Spot ETF applications with the SEC, indicating ongoing dialogue between both parties in view of a potential approval. Featured image from Forbes, chart from Tradingview.com
As global markets hit the skids this week and forced liquidations and margin calls wipe out more levered longs, prominent traders are repositioning accordingly. New tariffs announced by the Trump administration and a sharply weaker U.S. jobs report caused anxiety in global markets; the S&P 500 lost 1.6% in a day, and Bitcoin, true to […]
The post There is no second best: Bitcoin consistently outperforms all major assets despite near-term selloff appeared first on CryptoSlate.
A new report by Ripple and CB Insights reveals how banks are reshaping financial markets through digital asset infrastructure, tokenization and crypto partnerships.
The incident highlights the challenges of preserving public art and the symbolic vulnerability of Bitcoin's enigmatic origins.
The post Where’s Satoshi? Statue of Bitcoin creator gets stolen, smashed, and lake-dumped in Lugano appeared first on Crypto Briefing.
Looking to live tax-free with crypto in 2025? These five countries, including the Cayman Islands, UAE and Germany, still offer legal, zero-tax treatment for cryptocurrencies.
The disappearing Satoshi statue, symbolizing Bitcoin’s anonymity, was stolen in Lugano. Organizers are offering 0.1 BTC to anyone who helps retrieve it.
Bitcoin’s network just got a lot tougher to mine while its price took a hit. According to data from CoinWarz, mining difficulty climbed to a record 127.6 trillion this week. At the same time, Bitcoin fell by 3%, touching an intraday low of $113,005 before edging back to $113,250 by 7:30 pm ET. Related Reading: XRP ETF Approval Incoming? Analyst Eyes September-October Window Mining Difficulty Hits All-Time High Based on analysis, difficulty will drop by roughly 3% on August 9, bringing it down to nearly 124 trillion. That adjustment follows a routine cycle every 2,016 blocks, or about two weeks, where the protocol tweaks how hard it is to mine a block. Difficulty makes sure blocks come out at a pace the system can handle. The challenge is tied to how much computing power, or hashrate, miners pour into the network. When more machines join, difficulty goes up. When some stop hashing, it comes down. In June, the difficulty slid to a low of 117 trillion, but it bounced back in late July and has been climbing since. At the moment, blocks are taking about 10 minutes and 20 seconds each on average, a bit slower than the 10-minute goal. When times drift too far off, the next adjustment nudges difficulty up or down to reel block times back toward 10 minutes. Miners Feel The Squeeze Higher difficulty means miners need more energy and better gear just to break even. With Bitcoin’s price under pressure, some older or less efficient operations could face real losses. Reports have disclosed that only the sharpest setups will likely stay in business if this pairing of high difficulty and low prices lasts. Mining firms track their costs closely. If electricity, hardware and maintenance bills outpace what they earn from block rewards, they may have to switch off rigs. The upcoming 3% ease in difficulty might let a few marginal players stick around a bit longer. Still, margins will be thin until the next major price move. Related Reading: No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst Price Tumbles And Recovers Slightly Based on data, Bitcoin slipped to $113,005—a 3% drop—before finding some buying at lower levels. By early evening, it had rebounded to $113,250. That quick swing highlights how mining and market moves feed off each other. When hopes of easier mining fade, price can wobble. When price dips, miners feel squeezed and may power down, which in turn can lead to easier difficulty again. Featured image from Pexels, chart from TradingView