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Bitcoin miners face challenges with halved mining rewards, increased difficulty, and competition from ETFs. Marathon Digital and Riot Platforms have seen stock drops amid bitcoin's price surge.
May 28 - With mining rewards halved, mining difficulty elevated and the shiny new bitcoin exchange-traded funds stealing investor capital, it's been a tough year for...
The cryptocurrency has shed about 4% in the past two days following a near 16% plunge in April, the worst monthly drop since Sam Bankman-Frieds FTX digital-asset empire imploded in November 2022. The token changed hands at $57,359 as of 11:17 a.m. Thursday in Singapore, around a two-month low.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Some analysts still see room for the digital asset to reach an all-time high by the end of this year.