Bitcoin Miner Stress Hits ‘Historically Rare’ Level as 20% of Miners Operate at a Loss
The reading arrives with bitcoin trading near $63,800 and nearly one in five miners producing coins at a loss
But this will restore confidence in its financing structure and help bitcoin find a more durable bottom."
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The reading arrives with bitcoin trading near $63,800 and nearly one in five miners producing coins at a loss
Bitcoin is climbing into new territory after absorbing all the sell pressure caused after Strategy sold off 3,588 BTC for about $216 million over four days, from June 29 to July 5
Altcoin ETFs, however, showed more resilience, with XRP, Solana and HYPE products all attracting capital between June 29 and July 2
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