Bitcoin Updates: As Cryptocurrency Faces Challenges, Miners Turn to AI for Adaptation
- Bitcoin fell to $98,000 amid surging futures liquidations, with long-term holders offloading 815,000 BTC as key support levels face breakdown risks. - Miners like Bitfarms pivot to AI infrastructure amid shrinking crypto profits, reflecting industry-wide strategic shifts toward stable revenue streams. - U.S. miners struggle with 36-40% hashrate share despite crypto-friendly policies, relying on state-level energy initiatives rather than federal support. - Market analysis highlights $98,000 liquidity clus
Last week, Bitcoin’s value fell to $98,000 as a surge in futures liquidations heightened fears among bullish investors about a possible drop beneath crucial support zones. This downturn came after Bitcoin failed to reclaim the $100,000 mark, with long-term holders selling more than 815,000 BTC over the past month,
The latest wave of selling has exposed underlying vulnerabilities in Bitcoin’s market structure.
At the same time, the broader
Political factors are adding further complexity. Although the Trump administration promoted a crypto-friendly climate for adoption and institutional investment,
The ongoing liquidation pressure and structural concerns have fueled discussions about a possible rebound. Futures trader Byzantine General
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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