Bitdeer Technologies and Cipher Mining saw their stocks plummet after releasing their 2024 earnings reports, highlighting continued struggles to stay profitable. The fourth Bitcoin block reward halving in April 2024 has cut into miners’ revenues, forcing them to look for ways to diversify their operations.
Read MoreBernstein continues to maintain its Bitcoin price target of $200,000 within the next 12 months, viewing the current correction as a potential buying opportunity for investors. In a new report, analysts at Bernstein assert that a drop below $80,000 is a strategic entry point for Bitcoin, especially as they remain bullish on institutional and corporate capital flows.
Read MoreChangpeng "CZ" Zhao, co-founder and former CEO of Binance, has revealed his crypto portfolio on the Binance Square platform.
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