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bitcoin
Bitcoin (BTC) $ 64,862.38
ethereum
Ethereum (ETH) $ 3,511.97
tether
Tether (USDT) $ 0.999829
bnb
BNB (BNB) $ 586.79
usd-coin
USDC (USDC) $ 0.999961
xrp
XRP (XRP) $ 0.488283
binance-usd
BUSD (BUSD) $ 0.946692
dogecoin
Dogecoin (DOGE) $ 0.124229
cardano
Cardano (ADA) $ 0.3836
solana
Solana (SOL) $ 133.43
matic-network
Polygon (MATIC) $ 0.572989
polkadot
Polkadot (DOT) $ 5.61
tron
TRON (TRX) $ 0.116735
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    Tips on how to play BTC miners after the current SEC crackdown?

    Latest News


    • Bitcoin miners are having a relatively difficult February.
    • SEC has not too long ago taken an aggressive stance towards crypto.
    • H.C. Wainwright analyst nonetheless charges 4 BTC miners at “purchase”.

    Bitcoin miners had a implausible January, however February is proving to be a bit more difficult for them.

    BTC miners misplaced massive final week

    The 11 miners that H.C. Wainwright covers collectively produced 5,279 bitcoin in whole final month and bought 4,278. For the month, the collective acquire of their working hash price sat at 7.7%.

    In February, although, the U.S. Securities and Change Fee turned extra aggressive towards the crypto corporations. Final week, it ordered Kraken to terminate its crypto staking providers in the US.

    Consequently, bitcoin costs slipped 5.2% within the week that ended on February 12th. However miners misplaced a considerably greater 17.1% (median) although the community hash price climbed to 292 EH/s – a 9.5% week-over-week improve.

    Miners that’re nonetheless value shopping for

    A couple of day after Kraken, the U.S. regulator additionally demanded that Paxos quits minting new BUSD (Binance USD).

    Nonetheless, Mike Colonnese – an H.C. Wainwright analyst is satisfied that such information don’t have a significant impact on miners aside from the short-term worth stress. However he additionally mentioned in a current analysis notice:

    The priority is that current enforcement by U.S. regulators and uncertainty round crypto laws within the U.S. may push innovation and retail buyers for the sector outdoors the U.S.

    Ones that Colonnese nonetheless charges a “purchase” embrace Riot Blockchain, Cleanspark, Cipher Mining, and Hive Blockchain Applied sciences.

    See also  Crypto buyers eyeing 2024 alternatives seize on Meme Moguls (MGLS)

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