US Bitcoin miners hit record market value Bitcoin price forecast continues to rise Learn to mine and earn tokens approaching $3 million

Join our Telegram channel to stay up to date with breaking news coverage. Bitcoin prices are down 4% over the past seven days and more than 1% over the past 24 hours, currently trading at $65,507 as of 00:15 AM ET. Each bounce from $72,000 has been weaker than the previous one. It’s only a matter of time, as it did in 2018. The decline continues. Scalping caused 190 traders to lose their positions, with a total of nearly $500 million liquidated in the market. Meanwhile, JPMorgan analysts reported that U.S. Bitcoin miners reached a record $22.8 billion market cap in the first half of June. The report, prepared by Reginald Smith and Charles Pierce and presented to clients on June 17, cites rising hashrate share and AI data center diversification opportunities. The analysts highlighted that the industry’s total market cap has surged 24%, adding $4.4 billion since the end of May. The analysts attributed the surge to investors reacting to the agreement reached between Core Scientific and AI cloud provider CoreWeave. Specifically, CoreWeave offered to acquire Bitcoin miner Core Scientific for $1.6 billion earlier this month. This valuation represents a 55% premium to its market price. Notably, this bid was rejected in the wake of a 12-year, $3.5 billion partnership agreement between the two entities. This enabled CoreWeave to host its AI-related services on Core Scientific’s data centers. Bitcoin Price Prediction: Bitcoin price is trading in a bearish trend, recording lower highs since early June. The consecutive decline of red candles has led to a drop of nearly 10% for this leading cryptocurrency. The market hints at further downside, with technical indicators showing a downward slope. Conversely, a show of strength in the BTC bulls’ case could push Bitcoin price above the 38.2% Fibonacci retracement level of $67,114. Such a move effectively marks an escape from the Fibonacci golden zone, setting the stage for further gains. Buy 99Bitcoins tokens to get started.