Bitcoin's network hashrate fell to 920 EH/s this week, with an estimated ~8% difficulty adjustment expected on March 20, marking the second-largest adjustment in five years. As Iran tensions pushed oil prices higher, miner revenues declined significantly, pushing mining hardware prices to historical lows. Major mining operators have begun selling Bitcoin and shifting toward AI computing power to cope with margin compression.
Digital Asset Vault Evernorth Applied to List on Nasdaq, Filed S-4 Form with SEC, Expected Merger to Generate Approximately $1 Billion in Revenue to Expand XRP Holdings. The company holds approximately 473.3 million XRP, facing impacts from market capitalization fluctuations. SEC Explicitly Classified XRP as a Digital Commodity, Which Helps Enhance Evernorth's Listing Compliance and Future Prospects.
Recently, early Bitcoin holders have been making large-scale selloffs, drawing market attention. Two Bitcoin OGs have realized profits of approximately $330 million. One accumulated Bitcoin at an average price of $332 in 2013 and recently transferred 1,000 BTC. Meanwhile, exchange whale fund inflows have reached an 8-month high, indicating that large holders are dominating the market. Bitcoin price continues to face pressure, down over 43% from its all-time high.