BitFuFu, a cloud mining company, has released a report. According to it, compared to the same period of 2023, the mining cost has increased from $19,344 to $51,887. It's around 2.5 times.
So, even if a market crash turns out again, BTC(Bitcoin) price won't likely plummet under $50k. So, the current BTC price might be a bottom in terms of the mid-term view.
I feel like a lion stalking animals on a wild. The crypto market is like a wild. I hope you guys will succeed hunting this era 🙏
"Love your enthusiasm for the crypto market! 🦁💡 Great job breaking down the BitFuFu report and its implications for Bitcoin's price. What do you guys think is driving this surge in mining costs? Are we seeing a sign of stability in the market or just a temporary reprieve? Let's discuss!"
I also gave you a 100% upvote for the delegations you have made to us. Increase your delegations to get more valuable upvotes. Cheers! 🎉
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