Bitcoin Miners Miss the Rally as Exchanges and Stablecoin Firms Pull Ahead
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5 Articles
Bitcoin advanced approximately 22% since August 17, but most mining companies failed to accompany the upturn. While exchanges and companies linked to stablecoins traded online with BTC, the miners faced pressure for their operational risks and for the shift towards infrastructure for artificial intelligence.
Bitcoin miners miss the rally as exchanges and stablecoin firms pull ahead
Bitcoin’s comeback from the mid-August has divided the entire cryptocurrency trading into top performers and underperformers. Since August 17, Bitcoin increased by almost 22%. The exchanges and stablecoin-linked companies have followed suit but it cannot be said the same for miners. The September 9 Data & Insights analysis by The Block showed that, out of...
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin miners are missing the crypto rally as exchanges, stablecoins surge
Among tracked companies, only one bitcoin mining company has outperformed the cryptocurrency: Canaan (ticker CAN).
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