Bitcoin Might Fall to $13,000. Miners Could Be to Blame.
— Energy, Fall, Tokens, Turn, Miners, Blame, Token, Bitcoin, Vast, Transactions — 1 min read
Bitcoin miners have come under pressure from rising energy costs and falling token prices. The problem is that it could come at the expense of Bitcoin prices. Miners draw on vast amounts of energy to produce the currency, keeping it secure and running smoothly. In turn, they are rewarded with tokens they can sell or keep in turn, which are rewarded by selling or keeping them. Bitcoin miners are the bedrock of the Bitcoin universe, making the currency secure and making transactions secure. Bitcoin prices have been falling in recent months, but the price of tokens has been falling by about a quarter of a centimetre since the start of the year, according to the latest data available on the market. The market is expected to remain in a stable position for the next few months. Source