Articles for tag: Bitcoin Mining, cryptocurrency prices, Halving Event, macroeconomic challenges, market pressure, miner profitability, technology diversification

March 5, 2025

Bitcoin Miners Struggle as Crypto Market Declines, Reports JPMorgan on Current Challenges and Future Outlook

Bitcoin mining stocks are facing tough times due to falling cryptocurrency prices and challenges from the Bitcoin network’s April halving, as highlighted by JPMorgan’s recent report. In February, mining companies, including Riot Platforms and Marathon Digital, lost about 22% of their Market value after revealing disappointing earnings, even if some, like Core Scientific, reported better-than-expected ...

February 21, 2025

Market News

Crypto

Bitcoin and Ether Prices Plunge Amid $1.4B Bybit Security Incident: What’s Happening in the Crypto Market?

Cryptocurrency prices fell on Friday, reversing earlier gains, after a significant $1.4 billion outflow from the Bybit exchange raised security concerns. Bitcoin dropped close to $97,000, down from around $100,000, while ether fell nearly 4%, dipping below $2,700. This sudden price decline led to the liquidation of around $100 million in leveraged trading positions, primarily ...

December 20, 2024

Market News

Crypto

Bitcoin Drops Below $96K: Ethereum, Cardano, and Dogecoin Face Over 10% Decline in Major Crypto Market Correction

On Thursday, cryptocurrency prices continued to fall after a significant Market downturn the previous day, influenced by Federal Reserve Chair Jerome Powell’s comments on interest rate cuts for the upcoming year. Bitcoin, which attempted to recover above $100,000, dropped to the low $97,000s and further declined to below $96,000, marking a 4.8% decrease in 24 ...