Crypto
Bitcoin mining profits plunge, putting $60,000 support under test
Bitcoin mining profitability has fallen to a record low, fueling market unease over whether bitcoin can hold the $60,000 support level. As the price slipped toward $62,000, on-chain activity cooled and miner revenue sank. Miners and pools still hold more than $110 billion worth of bitcoin, raising concerns about potential selling. Industry concentration has increased, while some miners shift power infrastructure toward AI computing.
