A Turning Point in the Bitcoin Cycle? In October the market witnessed Bitcoin’s explosive run to $126,300 only to meet resistance, triggering a sharp correction that tested key support levels. While the broader trend remains intact, signs of rotation in global markets are emerging as the BTC/Gold ratio visited levels historically linked to major Bitcoin reversals. Meanwhile, institutional and industrial signals continue to flash green. JPMorgan’s move to accept Bitcoin as collateral, American B

Bitcoin mining is a unique business. Unlike most industries where companies can raise prices, miners operate in a market where revenue is set by protocol and market forces. They compete in real time for a share of the fixed block subsidy, and their revenue depends on a mix of factors entirely outside their control (like Bitcoin’s price or network difficulty). What miners can optimize is expenses like energy costs and mining hardware prices. This article breaks down the key variables that shape m