News Formal

Bitcoin Miners Return to Profitability as BTC Continues Market Recovery: Bitfinex

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Crypto Blog

Bitcoin miners are in the green again following BTC’s massive recovery over the past week. On-chain data suggests miners’ BTC sales to upgrade machinery and sustain operations are ending.

The rise in the Miner Profit Sustainability metric will stabilize miners’ financial position and possibly positively influence the crypto market by reducing the need to sell BTC holdings to cover operational costs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: JefferiesWill Canny is CoinDesk's finance reporter.
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin traders' profit margins repeat 2022 bear market — New researchBitcoin miners continue capitulation and BTC traders are sitting on 17% unrealized negative profit margins.
Source: Cointelegraph - 🏆 562. / 51 Read more »