
Bitcoin Miners Face "Capitulation" Amid Low Profitability; Market Bottom Predicted for Late 2026
Bitcoin miners are facing "capitulation" with profits below 5%, as one analyst projects the market bottom won't arrive until late 2026.

Bitcoin miners are facing "capitulation" with profits below 5%, as one analyst projects the market bottom won't arrive until late 2026.

US House Democrats are questioning tax exemptions for cryptocurrency staking and mining, with party leadership suggesting a delay until after the midterms.

US Congress is set to review draft legislation clarifying tax rules for cryptocurrency staking, mining, network fees, and reporting, aiming for greater market certainty.
A Charles Schwab strategist highlights Bitcoin's production cost, particularly for efficient miners at around $60,000, as a potential structural price floor for the current market cycle.

HIVE Digital Technologies achieved record annual revenue of $297.8 million while strategically reducing its Bitcoin reserves to 150 BTC.