Bitcoin’s Next Headwind: Struggling Crypto Miners
— Locked, Pressuring, Mining, Tokens, Sell, Fund operations, Bitcoin ’, Operations, Crypto, Miners — 1 min read
In good times, crypto mining firms and Bitcoin’s price are locked in a virtuous cycle. The plummeting price of Bitcoin could force crypto miners to sell the tokens to fund operations, further pressuring the digital currency. Bitcoin's price could force mining firms to sell tokens to pay for operations, which could be seen as a boost to Bitcoin's value. Bitcoin is currently trading at $1,000 a day, according to the latest edition of this week's Bitcoinquiz.com.com/Bitcoinquiz. For confidential support call the Samaritans in the UK on 08457 90 90 90, visit a local Samaritans branch or click here for details. In the U.S. call the National Suicide Prevention Line on suicide prevention. Source