Bitcoin Miners’ Balance Slides as FTX Collapse Weighs on Crypto

“ Bitcoin ( $61,636.00 ) mining companies have struggled this year, with the fall in the price of the largest cryptocurrency and rising energy prices (and operating costs) leading to a decline in revenue. As a result of this, mining firms have been heavily selling their underlying holdings, leading to significant net outflows over the last six months,” data provider CryptoCompare said in the October review.