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
Up to 50% BGB rebates: Deposit & buy crypto with VND today!
Bitget Announcement•2025/04/07 08:25
Hang Seng Index falls below 20,000 points
Cointime•2025/04/07 07:00
AR falls below $5
Cointime•2025/04/07 07:00
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$77,183.29
-6.82%
Ethereum
ETH
$1,497.32
-16.34%
Tether USDt
USDT
$0.9993
-0.01%
XRP
XRP
$1.79
-14.16%
BNB
BNB
$543.57
-7.62%
USDC
USDC
$0.9998
-0.00%
Solana
SOL
$100.71
-15.37%
TRON
TRX
$0.2261
-5.51%
Dogecoin
DOGE
$0.1396
-15.11%
Cardano
ADA
$0.5536
-13.29%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now