Miners are facing significant challenges, with bitcoin revenue per petahash falling by half from a peak of $70 to $35.
Bitcoin mining difficulty drops by most since 2021 as miners capitulate
Miners are facing significant challenges, with bitcoin revenue per petahash falling by half from a peak of $70 to $35.
Shares:
HBAR jumped above $0.20 as Canary Capital's HBAR ETF began NYSE trading with institutional backing from BitGo.
The CoinDesk 20 index saw a slight drop with XRP and ADA recording positive movements.
Amid the carnage, gold continued to be well-bid, surging to another record high.
Since the start of the year, bitcoin holdings bought on margin on Bitfinex have increased by over 13,000 BTC.