Bitcoin (BTC) mining is likely to remain profitable this year with the economics of production holding steady, Canaccord Genuity said in a research report Tuesday.The broker said mining fundamentals are strong, "with cost-to-mine sitting somewhere in the ~$26,000-$28,000 range per bitcoin for most leading players."The world's largest cryptocurrency was trading around $105,000 at publication time.Management and investor attention is also increasingly being drawn toward alternative uses for these companies' sizable power supplies, especially artificial intelligence (AI) data center hosting.Bitcoin miner Core Scientific (CORZ) signed a 12-year contract with AI hyperscaler CoreWeave in June last year. The deal was viewed as a game changer for the sector."Early demand forecasts point toward AI dwarfing the traditional cloud hosting market over time," analysts led by Joseph Vafi wrote.More co-hosting deals are expected to be announced early this year, with potential news from Galaxy Digital (GLXY) and Applied Digital (APLD), the report said.Many of the larger publicly traded miners are using their access to capital to upgrade their fleets following last April's reward halving event, and this is strengthening their competitive position and share of the network hashrate, Canaccord said.The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and mining difficulty.Bitcoin Miners Have Started 2025on a Strong Footing, JPMorgan Says
In the past 24 hours, the main players of BTC and TRUMP have been selling at limited prices, with a significant increase in selling pressure. Among them: BTC major player ships $138 million, with the current price dropping 2.3% from its high point TRUMP's main force sold $152 million, and the current price has retreated by more than 15% from its high point At present, the main buyers are beginning to intervene, and if the net selling amount continues to decrease, BTC and TRUMP are expected to stop falling. The data is sourced from the main large order list, which provides an overview of major transactions and pending orders for mainstream currencies such as BTC and ETH, as well as popular currencies such as TRUMP and DOGE. The above content is for reference only and does not constitute any investment advice!
Odaily Planet Daily News: Bank of America's January survey of global fund managers showed that 79% of investors expect the Federal Reserve to cut interest rates in 2025, while only 2% of investors expect a rate hike. Bank of America stated that 39% of respondents expect to cut interest rates twice, 27% believe they will cut interest rates once, and 13% believe they will cut interest rates three times. Only 2% of people expect the Federal Reserve to raise interest rates this year. Institutional data shows that the money market's expectations for this year's interest rate cuts are only slightly higher than 25 basis points. (Golden Ten)
ETH has declined, with a trading volume of $30 billion in the past 24 hours and a circulating market value of $403.5 billion, representing a 2.22% decrease in market value. Data for reference only
According to the heat ranking, DOGE's popularity and attention remain the same as yesterday, ranking third. The heat ranking is as follows: ① DOGE ($0.3641,6.09%) ② SOL ($254.91,7.05%) ③ S ($0.6223,8.76%) ④ ETH ($3296.33,1.01%) ⑤ PNUT ($0.3668,0.71%) AiCoin Contract Transaction Ranking Report: The Bitget 24H contract has a transaction volume of $26.973 billion, ranking fourth globally