Miner Capitulation Gets Ugly
This Week in Bitcoin · 
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 (https://x.com/Travis_Kling/status/1806016594264686780)
• Hashrate continues to fall. (https://x.com/IIICapital/status/1806016922548376027?t=9IrJTBkweGljTvO8QvMlMg&s=09)
• When Bitcoin drops to $62K it means miners enter limbo and the first circle of Dante’s Hell. (https://x.com/boomer_btc/status/1805233763888120103)
• The miner capitulation is over—bitcoin’s next bull run begins. - YouTube (https://www.youtube.com/watch?v=pAW9QOjVV58)
• Bitcoin (BTC) Miner CleanSpark (CLSK) to Buy Peer Griid (GRDI) for $155M Enterprise Value (https://www.coindesk.com/business/2024/06/27/bitcoin-miner-cleanspark-to-buy-peer-griid-in-155m-deal/)
• First-quarter GDP grew a soft 1.4%, but the U.S. economy might have more ‘spring’ in its step - MarketWatch (https://www.marketwatch.com/story/first-quarter-gdp-grew-a-soft-1-4-but-the-economy-might-have-more-spring-in-its-step-8d5548f9)
• Fed Rate Cuts Latest: Favorite Underlying Inflation Gauge Is Seen Cooling - Bloomberg (https://www.bloomberg.com/news/articles/2024-05-25/fed-rate-cuts-latest-favorite-underlying-inflation-gauge-is-seen-cooling?embedded-checkout=true)
• Dashboard | Truflation (https://truflation.com/dashboard)
• California Reveals All Job Gains In 2023 Were Fake (https://www.zerohedge.com/economics/california-reveals-all-job-gains-2023-were-fake)
• Yahoo News clip (https://x.com/leaning4ward/status/1804525730422043005)
• Carl Louis on X FDIC Thread (https://x.com/DataDiety/status/1799173338348114033)
• Muntiny Wallet: Updates after DNS issues (https://stacker.news/items/586165)
• Strike launches in the UK following European rollout (https://www.theblock.co/post/301734/bitcoin-payments-app-strike-uk-launch)
• Jack Dorsey & Lyn Alden | The Power of Open Source - YouTube (https://www.youtube.com/watch?v=MaZyXEU5XAg)
• BBC coverage of Bitcoin since 2013 (https://twitter.com/gladstein/status/1803507915556606200)
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