Trending Industry Today: MicroStrategy Leads Losses In Crypto Stocks
The cryptocurrency Industry is facing profit squeezes, and USA mining companies are "making ends meet".
It is estimated that in the third quarter of last year, the Average Cost of producing Bitcoin for all miners listed in the USA was $55,950 per coin, a 13% increase from the previous quarter, with an Average Cost of $106,000 including depreciation and stock-based compensation costs. Bitcoin is currently priced at $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.
XRP and Other Cryptos Are Rising. Bitcoin Price Broke Through $100,000 -- Again
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Express News | Bitcoin Mining Data Center IREN Says It Mined 529 BTC In Dec 2024 Vs. 379 BTC In Nov 2024
Optimistic sentiment makes a comeback as nearly 1 billion USD flowed into the USA spot Bitcoin ETF in a single day.
The inflow of funds into Bitcoin ETFs has rebounded.
