Source: Coindesk.com
Bitcoin miner capitulation metrics are approaching the same level as the market bottom following the FTX crash in late 2022. Daily miner revenue has dropped to $29 million from $79 million following the bitcoin halving earlier this year. The hashrate has slumped by 7.7% since the halving as inefficient miners turn off their equipment.
Read More https://www.coindesk.com/business/2024/07/03/bitcoin-bottom-is-near-as-miners-capitulating-near-ftx-implosion-level-cryptoquant/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post "Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant" appeared first here Coindesk.com.
Source: Coindesk.com
