Bitcoin: Now miners are under massive pressure – is the next crash imminent? – ingenieur.de

Bitcoin and the crypto markets continue to hang by a thread. The recent crash has bankrupted numerous crypto rental companies and hedge funds, and now mining companies are struggling for liquidity. Is the next crash imminent? What development do analysts expect?

The turmoil in the crypto market continues. Now the crisis is also affecting Bitcoin miners.

Photo: PantherMedia / Dusan Zidar

Week after week, Bitcoin and the still young crypto industry are plagued by new bad news. Since the demise of Terra (LUNA, then renamed LUNC), companies have been falling like dominoes, illustrating the sometimes unhealthy structural interlocking. Crypto rental company Celsius Network, competitor Vauld, crypto bank Voyager Digital – they are all affected. Now the crisis is also affecting bitcoin miners: As the blockchain researchers from Arcane, for example, comment in a new analysis, company revenues have collapsed by up to 80%.

Bitcoin on the abyss: will the trend reversal still succeed?


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