CryptoQuant: Bitcoin miner capitulation indicator is close to the market bottom level after FTX crash
Odaily2024/07/03 17:35
By:Odaily
Odaily News The
Bitcoin miner capitulation indicator is close to the
market bottom level after the FTX crash. CryptoQuant data shows that daily miner revenue has fallen from $79 million earlier this year to $29 million, and computing power has fallen 7.7% since the halving. Bitcoin is currently trading at $60,300, down 13% in the past 30 days. CryptoQuant believes that as selling pressure intensifies, the market may rebound again to around $70,000. The significant decline in miners daily revenue and computing power indicates that miners are facing severe challenges. (Coindesk)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Funtico Launches Telegram Entertainment Hub, Introducing ‘Lucky Funatic’ Tap2Earn Game
Ethnews•2024/10/03 13:10
Telegram tap-to-earn gaming community fired up as Dogizen presale launches tomorrow
Coinjournal•2024/10/03 13:00
Former CIA Agent Praises Bitcoin (BTC), Heavily Criticizes This Altcoin!
Former CIA agent Edward Snowden made remarkable statements regarding the popular altcoin Solana (SOL).
Bitcoinsistemi•2024/10/03 12:45
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$60,438.03
-0.72%
Ethereum
ETH
$2,351.15
-3.26%
Tether USDt
USDT
$0.9999
-0.01%
BNB
BNB
$540.74
+0.19%
Solana
SOL
$136.75
-4.80%
USDC
USDC
$1.0000
-0.01%
XRP
XRP
$0.5228
-9.96%
Dogecoin
DOGE
$0.1038
-0.62%
TRON
TRX
$0.1541
+0.22%
Cardano
ADA
$0.3403
-1.90%
Bitget pre-market
Buy or sell coins before they are listed, including SCR, MAJOR, OGC, MEMEFI, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now