Bitcoin’s $7K Drop Sends Miner Revenues to April Lows
On Tuesday, bitcoin’s spot price slipped more than 5% against the U.S. dollar, wiping out more than $7,000 in value since the day’s first trade. The drop hit miners right in the hashpower—revenues tanked to levels they h...
Original source
Read on Bitcoin NewsRelated market context
Bitcoin’s $60,000 support is still a bet on the dollar breaking
Glassnode's latest Week On-chain report says Bitcoin has entered a deep discount phase, with over 95% of short-term holders underw...
US spot Bitcoin ETFs set to hit $2 trillion cumulative trading volume milestone amid mounting outflows
BlackRock's IBIT dominates spot Bitcoin exchange-traded funds by trading volume, with a current 73.7% market share.
Bitcoin price faces new risk as big buyers lose conviction
Bitcoin’s largest buyers are no longer behaving like a reliable backstop for the largest cryptocurrency. The exchange-traded funds...
JPMorgan Says the Debasement Trade Retreat Has ‘Accelerated’ for Bitcoin as June ETF Outflows Reach $2.1 Billion
The debasement trade that fueled demand for bitcoin and gold through much of this year is unwinding, and the retreat has accelerat...
Bitcoin ETF Outflows Slow to $19 Million as Blackrock and Morgan Stanley Buy
Crypto ETF flows remained mixed on Thursday, June 11, as bitcoin ETFs posted a fifth straight day of outflows and ether funds reco...
ETH futures traders increase long positions as Ether nears $2K lows
Increased long positions amid ETH's price drop highlight market uncertainty, with potential for significant volatility and liquida...