Why the Fears Around BTC Miners Outflow Are Overestimated By Bitget's Gracy Chen

Benzinga ·  Mar 19 12:01

The crypto market has been at a peak this year, driven primarily byBitcoin's(CRYPTO: BTC) remarkable performance, which has recently crossed the ATH price of $70,000. Analysts and investors attribute Bitcoin's current bullish trajectory to the highly anticipated halving event slated for April.

As the next halving event approaches, concerns about its impact on miners and mining operations are on the rise. Many worry about potential miner exodus due to the expected 50% reduction in mining rewards, which could negatively affect profitability. Additionally, there are fears of a downturn in Bitcoin's price post-halving.

But do these concerns...

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