Bitcoin slumped on Tuesday to its lowest this year as prices fell as much as 10 per cent to breach US$4,300, coinciding with broader drops in the world’s financial markets. Photo: Agence France-Presse
As bitcoin prices fall, mining cryptocurrencies is no longer profitable for many
- Bitcoin prices fell nearly 30 per cent over the past week, hitting a 13-month low of about US$4,500
- Loss-making cryptocurrency miners are dumping plenty of their mining rigs
Bitcoin slumped on Tuesday to its lowest this year as prices fell as much as 10 per cent to breach US$4,300, coinciding with broader drops in the world’s financial markets. Photo: Agence France-Presse
