#MiCA #US_Inflation_Easing_Alert #bitcoin☀️

Bitcoin Mining Companies Switching to Other Coins Amid Rising Cost of Operations: CryptoQuant CEO

Ki Young Ju says that Bitcoin’s hashprice is now at an all-time low, potentially causing a slowdown in investments for mining companies and prompting them to look to other, cheaper proof-of-work (PoW) coins to mine for the time being.

However, Ju agrees that the trend signifies a capitulation in miners, which is generally a characteristic of a pre-Bitcoin bull run.