After showing signs of life on Monday, Bitcoin and Ethereum’s prices stagnate with little movement over the past 24 hours. The good news is that the trading volume for both BTC and ETH remains relatively high, which could suggest a potential upcoming bull run later in the week. Let’s look at relevant news affecting markets today.
Key Points:
Bitcoin News
While some Bitcoin miners like Compute North filed for bankruptcy this month due to the bear market, other miners managed to raise capital despite the low prices.
According to a report from Coindesk, Solar-powered Bitcoin miner Aspen Creek Digital Corp. (ACDC) managed to raise $8M for its mining operation in Series A funding.
According to the report:
“The miner will use the proceeds for its second Texas mining facility, which will have 30 megawatts (MW) of mining capacity and be co-located with an 87MW solar farm.”
One advantage for the Aspen Creek mining company is that they were able to secure the power for its mining ope ..
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