Bitcoin Data Suggests Strong Upside Potential As BTC Delivers 4M In Average Net Profit | TheSpuzz

Bitcoin Data Suggests Strong Upside Potential As BTC Delivers $264M In Average Net Profit | TheSpuzz

Source: Bitcoinist Bitcoin is now trading at a crucial level following a 5% dip from its recent local highs of around $66,500. The entire crypto market is experiencing volatility, yet investors remain optimistic about the months ahead. The Federal Reserve’s decision to cut interest rates has significantly boosted market sentiment, fueling expectations for a strong…

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Bitcoin Mining Companies Experience Record Low Profitability In September, Report | TheSpuzz

Bitcoin Mining Companies Experience Record Low Profitability In September, Report | TheSpuzz

Source: Bitcoinist Bitcoin (BTC) mining companies are experiencing significant challenges as a key measure of profitability has reached its lowest point in recent records.  Analysts from JPMorgan Chase, Reginald L. Smith and Charles Pearce, indicated that daily block reward gross profit for miners declined by 6% month-over-month in September. This marks the third consecutive month…

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