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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 $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.
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Sam Vandersey : I don't recollect when was it 64.95$? back in 2023?
Luffy Amen OP Sam Vandersey : IMO with the condition lower interest rate people will increase their spending. The online transaction volume will increase. It's good for the fintech stock like PayPal.