Bitcoin's New Mining Spiral Could Be a Long-Term Drag on All Crypto
· 8 min read
One of the most important stress signals in crypto is flashing again: Bitcoin mining economics look broken.
According to CoinDesk's March 22 report, miners are reportedly losing roughly $19,000 on every BTC produced, even after a 7.8% difficulty drop. That is not a healthy backdrop for the asset that still sets the tone for most of crypto.