Data Shows Bitcoin Miners are Now Unprofitable; Here’s What This Means for BTC

Bitcoin has been on a wild ride over the past several weeks and months, with the benchmark cryptocurrency plummeting from recent highs of $10,500 to lows of $3,500 before garnering significant buying pressure that has since sent it back to its current price within the mid-$5,000 region.
This intense volatility has come about in tandem with that seen by the traditional markets, which have also been caught within an intense downwards trend over the past few weeks.
The ongoing selloff has led Bitco