Bitcoin Hashrate Growth Pressures Miner Margins Ahead of $85K Jump
- —Bitcoin hashrate climbed before the price jumped to $85,000
- —Rising miner activity is pressuring their profit margins
- —Higher BTC prices support miners, but competition for block rewards grows
Why it matters: Rising hashrate amid stiff competition erodes miner profitability and could increase selling pressure from mined BTC.
Source: CriptoNoticias
More on this
Markets · 05:30Morning market wrap: Bitcoin at 116.69M won, J-Ket surges 94% on Bithumb
Markets · 05:23Santiment: Bitcoin Bullish Sentiment Hits Highest Since December 2024
Markets · 05:19Bitcoin rallies near $86K as momentum and derivatives positioning improve ahead of quarterly options expiry