The outflows offset minor inflows for a broad selection of altcoins, including ETH, LIDO and XRP. Crypto markets have been laid low by a hawkish stance on interest rate cuts by the FOMC. Bitcoin investment products saw a total of $621 million in outflows last week following mixed economic signals from the U.S, according to […]
Tag: CoinShares
Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says
Bitcoin miners may shift towards AI due to the potential for higher revenue, CoinShares said. The average bitcoin production cost post-halving is about $53,000. Some miners are actively managing financial liabilities and are using excess cash to pay down debt, the report said. Crypto miners may shift towards artificial intelligence (AI) in energy-secure locations following […]