Bitcoin Price Decline Prompts US Mining Firm to Shut Down ‘Indefinitely’
Digital Farms is halting operations due to low bitcoin prices, its owner says.
While bitcoin has recovered sharply from recent lows below $4,000, the cryptocurrency is still on track to end March with a double-digit price loss.
Bitcoin rose by 7 percent early on Monday even as the risk-off mood returned to the traditional markets.
Bitcoin has kicked off the historically strong second quarter on a positive note – scoring gains overnight despite losses on Wall Street.
U.S stocks are showing signs of life amid the recent $2 trillion stimulus package. Yet it may be a while before confidence is restored.
In a role reversal befitting these topsy-turvy times, Wall Street has recently seen more turbulence than the average for the top cryptocurrency.