*⚒️ In 2024, the price of BTC rose 110%, but only 7 out of 25 mining companies were profitable.*

After halving, the reward per block dropped to 3.125 BTC, and miners' revenue fell from $100 million to $42 million.

The complexity of mining increased by 50%, driving up costs.

In total, the companies raised $2.2 billion and began to diversify their business, including AI projects.

Data from 10x Research showed South Korea trading volumes experiencing a massive crash, falling from $25bn to just $6.7bn amid political unrest.

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❔ What is volatility?
Simply put, volatility is the up-and-down “jumps” of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time.

In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss.

It is important to always take this factor into account; however, you’ve probably already realized that.

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