Bitcoin price surges back to 59k after a lukewarm momentum hovering at 52k. In miner market, team did not see any correction on unit price even when bottom dropped out to 50k. On the contrary, mining rigs quote price continuously rising due to the expectation of tightened supply in coming months.

Bitcoin mining is more friendly for institutions to stepping in by a lot of reasons, such as tangible assets, projected periodical cash flows… Especially when mining machines’ price has been rose slower than bitcoin spot price these days, institutions are likely switching to the laggards. …

Mars Project

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