According to one expert, bitcoin currently needs to trade above $ 55,000 for miners to break even and $ 94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover …
Following two days of positive inflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline, with $ 15.7 million exiting on Tuesday. Grayscale’s Bitcoin Trust (GBTC) saw $ 29 million leave during the day’s trading sessions, overshadowing the break-even and positive reports from the other spot bitcoin funds. Fidelity, Ark Invest, Invesco Report …