Bitcoin miners in crisis – Will BTC prices fall further?

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According to recent data, Bitcoin miners are still facing some ongoing challenges, impacting their profitability and operations.

price fluctuations continue to dominate the crypto markets, with the leading cryptocurrency experiencing both surges and declines over the past week.

Despite this brief resurgence, Bitcoin remains down 7.1% over the past week and has declined 21.9% from its March high of over $73,000.This term refers to a period where mining profits are squeezed due to falling Bitcoin prices, leading miners to sell their holdings to cover operational costs, potentially driving prices down further.

 

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