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Bitcoin

Struggling bitcoin miners may be revived by Fed rate decision, regardless of cut size

Whether the Federal Reserve delivers a 25 or 50 basis point rate cut, it could mean a turnaround for bitcoin miners, which have been struggling so far this year, market participants said.

By: MarketWatch
  • Oct 07 2024
  • 9
  • 5294 Views
Struggling bitcoin miners may be revived by Fed rate decision, regardless of cut size
Struggling bitcoin miners may
Whether the Federal Reserve delivers an ordinary, or slightly larger interest-rate cut on Wednesday, it could trigger a turnaround for bitcoin miners, which have been struggling with higher borrowing… [+363 chars]

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