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Miner Capitulation Gets Ugly

This Week in Bitcoin • Jun 27, 2024

A few widow-makers hanging over Bitcoin this week, and the post-halving miner capitulation has begun. What we're starting to see, and why, when we look back, this will be remembered as a wild week.

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LINKS:

  • Travis Kling on X: "All at the same time
  • Hashrate continues to fall.
  • When Bitcoin drops to $62K it means miners enter limbo and the first circle of Dante’s Hell.
  • The miner capitulation is over—bitcoin’s next bull run begins. - YouTube
  • Bitcoin (BTC) Miner CleanSpark (CLSK) to Buy Peer Griid (GRDI) for $155M Enterprise Value
  • First-quarter GDP grew a soft 1.4%, but the U.S. economy might have more ‘spring’ in its step - MarketWatch
  • Fed Rate Cuts Latest: Favorite Underlying Inflation Gauge Is Seen Cooling - Bloomberg
  • Dashboard | Truflation
  • California Reveals All Job Gains In 2023 Were Fake
  • Yahoo News clip
  • Carl Louis on X FDIC Thread
  • Muntiny Wallet: Updates after DNS issues
  • Strike launches in the UK following European rollout
  • Jack Dorsey & Lyn Alden | The Power of Open Source - YouTube
  • BBC coverage of Bitcoin since 2013

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