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

Bitcoin continues to struggle, experiencing a significant decline, falling below $102,000, marking its weakest point since June. This decline comes as the crypto market grapples with selling pressures, causing a nearly 4.5% drop in BTC value over the past 24 hours and an 11.8% decrease over the last week. Other prominent cryptocurrencies, including Ethereum and BNB, are also seeing declines of 5% to 7%. The Fear & Greed Index has reached extreme fear levels, reflecting deteriorating investor sentiment. This situation is exacerbated by the ongoing fallout from the bitcoin treasury bubble, with some firms, such as Paris-based Sequans, selling off BTC to manage debt. The broader sentiment is reflective of previous market downturns, making the potential for Bitcoin to dip below the $100,000 mark appear increasingly likely in the near future.

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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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