3. Bitcoin Miners in Trouble
There's almost no sector in the crypto industry that wasn't affected by the bear market of 2022. Coupled with strict regulations, Bitcoin miners find it hard to keep up after the Bitcoin price dip and the FTX scandal.
However, it has been reported that the situation is now ending, as 2023 saw a good glimpse of hope for the crypto industry. William Clemente, the founder of the crypto research firm, Reflexivity, said that the situation among miners is now becoming stable.
Bitcoin price has also increased since the year started finding the $17k limit, and it might still increase this week. As predicted, many expect Bitcoin prices this year to be higher than what was seen last year.
