bear market

Bitcoin bear markets are not the same

by

This is an opinion piece by Anthony Feliciano, Bitcoin event organizer and contributor to Bitcoin Magazine. On Wednesday, June 15, 2022, the Federal Reserve announced a 75 basis point increase in interest rates and possibly another 75 basis point increase in July. Friday, June 17th, bitcoin had a massive sell-off along with the rest of … Read more

Bitcoin miners face reduced profitability amid cryptocurrency crash

by

Bitcoin gold crash getty As bitcoin enters a new bear market, the mining industry is feeling the pain. Specifically, miners are seeing their profit margins shrink as the price of Bitcoin drops and Bitcoin mining difficulty continues to increase. Bitcoin’s mining revenue potential, defined as its hash price, is down about 68% from its 2021 … Read more