Difficulty is not reduced.... I thinks it will become more increasing in difficulty for bitcoin mining!!
Bitcoin difficulty will decreased if the global Bitcoin miner hashrate is decreased.
Now, the Bitcoin price is under $300, some cloud mining stopped their miner until the price up.
That's will affect the Bitcoin difficulty, check it out: https://bitcoinwisdom.com/bitcoin/difficulty.
PS:
- I check today on BitcoinWisdom, the estimated next difficulty became 39,710,517,829
- Correct me if I wrong
