Bitcoin price loses traction as miner profits drop and spot BTC outflows persist
Bitcoin has lost more than 10% in the past two weeks as fear of a US recession, spot Bitcoin ETF outflows and the threat of miner capitulation grows.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin has lost more than 10% in the past two weeks as fear of a US recession, spot Bitcoin ETF outflows and the threat of miner capitulation grows.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Over $10B liquidated from crypto market in past 2 weeks as historic short squeeze reshapes sentiment
The recent crypto short squeeze highlights the volatility and risks in derivatives trading, potentially reshaping market strategie...
Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs
Bitcoin gained 21.5% from the Aug. 17 close through Aug. 21, yet six of seven large US-listed miners finished the same trading str...
US spot Bitcoin ETFs see $202M in outflows as BTC dips below $78K
The outflows highlight the volatility and sensitivity of Bitcoin ETFs to market conditions, impacting investor confidence and fund...
Bitcoin’s 23% rally sends beaten-down miners soaring past AI stocks
Canaan, American Bitcoin and Cango jumped as much as 67% as renewed crypto demand showed BTC exposure can still drive mining equit...
Sui (SUI) Price Prediction: ETF Inflows and 100MA Support Strengthen $1.15 Outlook
Recent SUI price action has focused attention on the $0.73-$0.76 area, where several short- and medium-term moving averages are pr...
Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise
Bitcoin fell below $77,000 Friday after Fed Chair Kevin Warsh revived the threat of higher interest rates at Jackson Hole. Data fr...