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Bitcoin miners face revenue slump as BTC stumbles away from 100,000 USD mark

Bitcoin miners are experiencing a notable revenue decline, losing 24% within a week. The current BTC trading price is 93,419 USD, dropping from its HIGH of 102,735 USD. Miner wallets hold 1.79 million BTC, but the pressure from operational costs is causing sell-offs. This scenario might worsen if prices go below 90,000 USD.

Daily miner revenue stands at 398.20 BTC as of January 9, 2025. Should BTC fall below 90,000 USD, revenues might decrease further, causing higher sell pressure. However, an improvement in market sentiment could lift demand, pushing prices back up near 102,538 USD, thereby potentially improving miner revenues.

This is community-generated content, not advice from ONUS.
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