bitcoin-might-fall-to-$13,000-miners-could-be-to-blame.

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

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/bitcoin-crypto-costs-prices-miners-51657822426

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

  • Order Reprints
  • Print Article

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.

 » Read More  » Read More

Tags: No tags

Comments are closed.