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Bitcoin Price (BTC) News: Next Stop, $100K

Bitcoin continued to slide amid significant sell-offs, dropping below $102,000. The largest cryptocurrency fell 4.5% in 24 hours and 11.8% over the past week, with current values nearing $101,900—the lowest since late June. Other cryptocurrencies, including Ethereum's ether, BNB, Solana, and Cardano, also faced declines ranging from 5% to 7%, leading to a 15%-20% drop across the board in the past week. Investor sentiment has soured, reflected in the Fear & Greed Index, which plunged to 21, indicating extreme fear. Some companies, previously accumulating Bitcoin, have begun selling to mitigate debts, signaling continued uncertainty in the market. As the backdrop of declining values unfolds, the outlook for Bitcoin's price is increasingly precarious, suggesting it may soon fall below $100,000 unless substantial upward momentum is generated.

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Bitcoin Miners Must Own Power—or Die Trying Before Next Halving, MARA CEO Says

The bitcoin mining sector is facing increasing challenges due to competition, rising energy costs, and diminishing profitability, warns Fred Thiel, CEO of MARA Holdings. As more miners add capacity, profit margins narrow, primarily driven by energy expenses. Thiel emphasizes that only miners who can secure low-cost, reliable energy or pivot

Bitcoin Mining News: Only the Leanest Bitcoin Miners Will Survive, MARA CEO Warns

Fred Thiel, CEO of MARA Holdings, warns that the bitcoin mining industry is facing significant challenges due to rising competition and energy costs, leading to shrinking profits. Thiel emphasized that miners who control their energy costs or adapt their business models, such as pivoting to artificial intelligence or high-performance computing,

Bitcoin Miners Must Own Power—or Die Trying Before Next Halving, MARA CEO Says

Bitcoin mining is facing significant challenges with increasing competition, energy costs, and shrinking profits, as noted by Fred Thiel, CEO of MARA Holdings. He emphasized that miners without access to low-cost energy or innovative business models will struggle to survive. The industry is expected to become more brutal with the

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