continued its downward trend in June, it started the new week with a sell-off and fell to the $62,300 band.
Due to many miners stopping their activities, there are sharp decreases in the Bitcoin difficulty rate. The latest Bitcoin hash amount decreased from 88 trillion to 83 trillion. Despite the decrease in difficulty level, miners began to report record low revenues in the last two months due to the impact of the halving. It was reported that mining revenues decreased from an average of $107 million per day before the reward halving to $30 million.
However, in the current situation, the downward trend in Bitcoin continues to affect ETFs. Finally, while Bitcoin lost the $65,000 level, an outflow of approximately $200 million was recorded from ETFs.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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