Rising Energy Costs and Middle East Tensions Impact Bitcoin Mining

Rising energy prices and escalating tensions in the Middle East are increasing the cost of Bitcoin mining, putting pressure on electricity expenses. According to Odaily, if miners are forced to sell Bitcoin to maintain operations, it could add extra selling pressure to the market. Data indicates that the economic strain on Bitcoin mining is intensifying, with the current average production cost per Bitcoin at approximately $88,000, while the Bitcoin price is around $69,200. This results in a loss of nearly $19,000 per Bitcoin for miners, equating to an overall loss of about 21%. Meanwhile, the global mining difficulty has decreased by approximately 7.8%, marking the second-largest drop in 2026, reflecting a withdrawal of computing power and increased network pressure. The hash rate has fallen to about 920 EH/s, and the average block time has extended to over 12 minutes. Analysts suggest that if Bitcoin prices remain below the cost line and difficulty continues to decrease, the process of miners liquidating their holdings may persist, exerting short-term pressure on the spot market structure.