The mining difficulty of the cryptocurrency market has been adjusted significantly recently, and at the same time, real - time news reports that some mining companies have reduced their production capacity due to rising energy costs. From the relationship between mining difficulty and cryptocurrency supply, the impact of mining companies' production capacity adjustment on market supply - demand balance, and the long - term impact of energy policies and costs on the mining industry, analyze how these factors jointly affect the cryptocurrency price trend and the future development trend of the mining industry.