Bitcoin Might Fall to $13,000. Miners Could Be to Blame.

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Updated July 14, 2022 2:15 pm ET / Original July 14, 2022 2:14 pm ET

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Bitcoin miners have come under pressure from a one-two punch of rising energy costs and falling token prices, but they might finally be catching a break. The problem is that it could come at the expense of Bitcoin prices.

Forming the bedrock of the Bitcoin universe, miners draw on vast amounts of energy to produce the currency, keeping blockchain transactions secure and running smoothly. In turn, they are rewarded with tokens they can sell or keep.

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