Coinspeaker
Jefferies Predicts Drop in Bitcoin Mining Profitability in October
Top investment bank Jefferies says October could bring more negative sentiment to Bitcoin
BTC
$65 628
24h volatility:
5.1%
Market cap:
$1.30 T
Vol. 24h:
$39.76 B
mining profitability. This projection came after September when we saw a remarkable drop in the same metric compared to the previous month.
In Jefferies’ report, analysts Jonathan Petersen and Joe Dickstein noted that the average price of the top cryptocurrency remained unchanged all through this period while its hashrate registered a 1.7% increase.
Marathon Digital Leads with 705 Bitcoin Mined
Jefferies highlighted that Bitcoin’s average daily revenue per exahash saw a 2.6%
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