2018-6-13 21:11 |
Market visualization from Coin360 Bitcoin (BTC) has taken an over 11 percent negative hit, trading around $6,449 to press time, bringing its monthly losses to almost 25 percent.
The leading cryptocurrency has now fallen below what some commentators consider to be an average BTC mining profitability threshold of $6,500.
Aside from hardware costs, the local cost of electricity supplies is the other key factor affecting miners’ profits.
Bitcoin price chart from Cointelegraph’s Bitcoin Price Index As of press time, Coinmarketcap data indicates 24-hour BTC trading volumes of $4.8 bln, up from their intra-weekly low of $3.8 bln.
Top altcoin Ethereum (ETH) has fallen over 10 percent in the 24 hour period, trading around $475 to press time.
Similar to Notcoin - Blum - Airdrops In 2024