BTC Miners Face $2.8b Fall and Lowest Monthly Revenue

Five
companies lost $2.8 billion due to a sudden drop in Bitcoin (BTC) and the
broader cryptocurrency market last Thursday. According to data from AltIndex,
the total market capitalization of publicly listed cryptocurrency miners fell
by 30% within a month, from $9.5 billion to $6.7 billion. At the same time,
miners’ revenues from cryptocurrency mining dropped to monthly lows.

Bitcoin’s Flash Crash Cuts
Mining Companies’ Capitalization

Last
Thursday, Bitcoin’s price unexpectedly fell by more than 7%, dropping to its
lowest levels in over two months, testing $26,000. As a result, the market
capitalization of exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term-listed BTC miners and other digital assets suffered
significantly, sliding by almost $3 billion over the entire month.