In early April, the cryptocurrency market collapsed. Meanwhile, Bitcoin (BTC) and altcoins increase slowly. The maximum of $ 109,000 in BTC has not yet been reached, but the optimism of investors increases.
The positive feeling does not apply to everyone. Last week, the Bitcoin price fell below $ 80,000. In response, minors decided to sell 15,000 BTC, according to a report of the cryptocurrency analysis company.
Difficult times for the BTC mining sector
The average beneficiary margin of minors dropped by more than 20% in two months. In January, the profit margin was 53%, now it is only 33%. Minors are currently suffering from great financial pressure and try to stay afloat to sell BTC.
The mining sector of the BTC is going through difficulties. The 14 largest BTC mining companies scored significant losses in March. For example, Core Scientific and Mara lost 25% of their market capitalization together. At least $ 6,000 million They disappeared and companies have experienced the worst month in their history, according to Banco JP Morgan.
Cryptotic published mining figurines last Tuesday. These show that one of the biggest daily departures of the BTC of the year took place on April 7. Bitcoin fell briefly below $ 75,000 that day. A calculation shows that the total production value was $ 1,120 million.
Bitcoin mine according to the sale pressure increasing at the bottom
“Minors are forced sellers, and their flows have an impact on market liquidity. The high sale of minors at low suggests that they are undergoing financial pressure, perhaps due to the increase in costs. ” – By @It_tech_pl
Complete post … pic.twitter.com/ggauvbmokv
– cryptotics.com (@cryptoquant_com) March 11, 2025
Uncertain situation on the cryptocurrency market
The huge production of capital shows that the situation on the cryptocurrency market is still fragile. The tense situation between the global powers and the trade policy of the American government creates an uncertainty among investors.
Recently, President Trump caused an earthquake in the financial markets during the introduction An increase in import prices. Currently, there is a break, but how things will continue within 90 days that no one knows.
High costs for bitcoin minors
A group very affected by all this uncertainty is that of bitcoin minors. They generally work with sophisticated computers to treat transactions and create new BTC parts. As a reward for their work, minors receive BTC.
The Bitcoin price is currently much less than $ 85,000. A drop in prices prevents minors from covering their operational costs. To avoid this, they sometimes have to sell more BTC.
The securities and cryptocurrency market is fairly volatile for the moment, which has a negative impact on mining operations, which are generally complex. The cryptocurrency report indicates the following:
The margins of minor benefits are under pressure due to the lowest prices, as well as the drop in transaction costs and a power of calculation of the Bitcoin network record (hash rate), which causes higher costs and lower margins. “”
Difficulty
Another problem faced by minors is the “difficulty of bitcoin”. It is a measure that determines how difficult it is to undermine new bitcoins. The system guarantees that a new block is approximately every 10 minutes, regardless of the number of minors that participate.
The difficulty of the puzzle increases when there are many active minors. With fewer minors, complexity decreases. Every fifteen days, the network automatically adjusts this difficulty so that the BTC production rate remains stable.
A high difficulty rate means bad news for BTC minors, as it involves higher energy costs. To pay the bills, they have to sell their bitcoins more often. The “mining difficulty” is currently at its highest level, as this graph shows:
Light points on the horizon
Minors fight an uncertain financial market, invoices for clouds and high difficulties. However, everything is not pessimism. For example, the price of Bitcoin increased by almost 9% last week. In addition, President Trump expressed support for the cryptocurrency sector. On March 7, for example, he signed the Bitcoin Strategic Reserve.
Ross Gan, Bitdeer Cryptocurrency Mining Company Communication Communication, is shown optimistic On the future of mining. At the news decay platform, he declared the following:
The favorable position for cryptocurrencies of the Trump administration could ensure very necessary stability for the mining industry. It also encourages a larger investment. “”
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