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Market Wrap: Some Miners Face an Uncertain Future Despite Rising Bitcoin Price

www.coindesk.com

Despite a post-halving rise in bitcoin’s price Wednesday, the current value may not be enough to keep less-efficient miners operating, and that could shift market dynamics. Steady exchange volumes are indicative of the market’s health and whether bitcoin can continue to appreciate post-halving, said David Lifchitz, chief investment officer at quantitative crypto trading firm ExoAlpha.

The second-largest cryptocurrency by market capitalization, ether (ETH), gained 5.4% in 24 hours as of 20:00 UTC (4:00 p.m. ET). Ether trading on Coinbase since May 11Source: TradingView Other cryptocurrency winners include lisk (LSK) up 7.5%, monero (XMR) climbing 6.7% and iota (IOTA) up by 3%.

Read in Full: www.coindesk.com
Bitcoin ETH
$ 3548.92
Bitcoin LSK
$ 2.005
Bitcoin XMR
$ 118.7

Timeline of Ethereum, Lisk, Monero

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Bitcoin Bitcoin
70396.4000 -1.45%
Ethereum Ethereum
3554.67000 -1.11%
BNB BNB
619.222000 5.70%
Solana Solana
187.976000 0.70%
XRP XRP
0.63751400 2.42%