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CoinOtag 2024-06-30 14:50:56

Bitcoin Miners Hedge by Switching to Cheaper PoW Coins Amid Hashprice Plunge

Bitcoin (BTC) miners are reportedly shifting their focus to other cryptocurrencies in response to the recent decline in BTC prices. The CEO of CryptoQuant, Ki Young Ju, highlights that the hashprice of Bitcoin is currently at an all-time low, influencing miners to diversify their operations. Ju states that many mining companies are temporarily moving their

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