Jamie Crawley is a CoinDesk news reporter based in London.
BTC is priced at just over $67,800 at the time of writing, around 1% less than 24 hours ago. The broader digital asset market, as measured by the CoinDesk 20 Index , has dropped about 0.65% during that time. ETH meanwhile is trading just above $3,800, down a little over 2% in the last 24 hours as the market awaits further news on the listing of spot ether ETFs in the U.S. following last week's SEC approval of some filings by prospective providers.
Riot is trying to acquire rival miner Bitfarms, after buying a 9.25% stake in the company. “The bitcoin mining business is becoming tougher for smaller players, with limited capital to ramp up on the global hash power race,” Bernstein analysts Gautam Chhugani and Mahika Sapra wrote. Bernstein says it expects the U.S. bitcoin mining industry to consolidate to about five large players who will control substantial capacity. There are more than 20 publicly listed miners at present.
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