Bitcoin mining profitability has dropped by over 75% from the market top and is currently at its lowest since October 2020.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk
Traders are nervous, data suggests, and a further drop could spark a chain reaction as exchange users rush to liquidate their BTC holdings.
Is the bottom in? Raoul Pal, Scaramucci load up, Novogratz and Hayes weigh in
Some high-profile investors have taken the recent market downturn as an opportunity to add to their crypto positions, though others warn there’s still a risk of worse to come.