In times of market upheaval and a falling bitcoin price, margins compress across the board, and force more miners to become net sellers, the note said. Given the price drop and the resulting loss of profitability, the financing environment for the mining industry has “shifted materially” since late last year, and raising capital in the public markets has become very difficult, Coinbase said.
What ‘crypto winter?’ Schwab launches ETF giving investors significant cryptocurrency exposure – CNBC
What ‘crypto winter?' Schwab launches ETF giving investors significant cryptocurrency exposure CNBC