Miner Capitulation Gets Ugly

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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