Solo Bitcoin (BTC) miners are gaining traction, with several blocks mined by individual miners in the last week. On December 19th, a solo miner mined block 928351 on NiceHash using just $100 worth of hashing power, earning 3.152 BTC worth approximately $271,000. On December 23rd, another solo miner mined block 928985 and earned 3.128 BTC (worth approximately $281,000). Another solo miner mined a new block on the Bitcoin (BTC) network and earned 3.12 BTC, according to Cointelegraph. The solo mining streak may have been amplified by the recent drop in hashrate. According to VanEck, the network’s hashrate dropped by 4%, the largest drop since April 2025.
Bitcoin continues to fall due to continuous independent mining
Bitcoin’s continued struggles show no end in sight, with the price falling below the $87,000 level. According to Bitcoin data from CoinGecko, BTC price has fallen 0.2% in the past 24 hours, 6% on the 14-day chart, and 7.8% since December 2024. The original cryptocurrency registered slight gains on the weekly and monthly charts, rising by 0.4% and 0.3%, respectively.
Bitcoin (BTC) has been on a downward trend since hitting an all-time high of $126,080 in October of this year. Since its peak in October, BTC price has struggled to gain momentum. BTC’s downward trend is especially surprising given that the Federal Reserve has cut interest rates twice in the past three months. The cause of poor performance is thought to be the macroeconomic situation.
Bitcoin (BTC) could see some recovery in 2026. Several financial institutions, including Grayscale, Bernstein, and VanEck, expect this asset to recover soon. Grayscale and Bernstein predict that BTC will hit a new all-time high in 2026. Van Eck predicts that BTC may be near the bottom.
Meanwhile, Barclays gave a bearish outlook for next year. The financial institution expects the cryptocurrency market to face further challenges in 2026 due to a decline in spot trading volumes and weaker demand. In such a situation, Bitcoin (BTC) may face further price correction.