First Mover Asia: A Bear Market Survival Strategy for Crypto Miners; Bitcoin, Ether Prices Remain in Holding Pattern

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Crypto miners may have found a different way to offset some of their losses – selling power back to the grid; bitcoin remained above $21K, as investors await Jerome Powell's comments Friday at a Fed Economic Symposium. Aoyon_A and JPRubin23 report

Thursday that the venture capital arm of FTX and the VC operations of sister company Alameda Research would be merging.

"It looks like a bear flag," he said."We're seeing"some support around that 20,800 level. If the market doesn't hear what it wants to hear on Friday, that's where crypto heads. If the market hears what it wants to hear, we're moving back up."The continued bear market has battered crypto miners more than other companies as their main revenue comes from mining the digital assets.

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