Bitcoin's $7K Drop Sends Miner Revenues to April Lows
On Tuesday, bitcoin's spot price slipped more than 5% against the U.S. dollar, wiping out more than $7,000 in value since the day's first trade. The drop hit miners right in the hashpower--revenues tanked to levels they haven't seen since April 8, 2025, leaving many rigs humming just to stay alive. Bitcoin's Falling Hashprice Puts [...]