The post FTX’s Demise Has Pushed Bitcoin Miners To Worst Situations! This Is How BTC Price Will React Next appeared first on Coinpedia Fintech News
The crash of the popular crypto exchange FTX has become an embarrassment for the entire crypto space as it failed to build trust among users and provide properly secured infrastructure.
FTX’s demise has undoubtedly thrashed several investors with a loss of billions of dollars and forced miners to give up their mining journey as their profitability has significantly decreased due to the market crash.
It is anticipated that the current crypto winter will have a prolonged effect on the market, extending by several months or even a year, as the remediation will take enough time.
BTC Miners’ Profitability Decreases As The Crypto Winter Intensifies!
Bitcoin miners seem to be in trouble as the crypto winter has not spared them from the impact of FTX’s collapse.
As Bitcoin trades near a vast bearish region of $16K, the mining potenti
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