CleanSpark Inc (CLSK) saw a slight decline in Bitcoin mining output in August despite an increase in its hashrate. The company is actively expanding its mining capacity and expects significant production growth in the coming months.
Results for: BTC
Bitcoin (BTC) has experienced a slight downward trend in the past 24 hours, with its price decreasing by 3.85% to $64,222.00. However, despite this dip, BTC has maintained a positive trajectory over the past week, gaining 5.0% from $61,469.74. The coin’s price movement and volatility have varied over these time frames, as indicated by the Bollinger Bands on the accompanying chart. Additionally, trading volume and circulating supply have declined, with the latter now estimated at 93.76% of the maximum supply of 21 million.
In an attempt to prevent further losses, Grayscale has announced the launch of a new spinoff fund, Grayscale’s Bitcoin Mini Trust (BTC), with a reduced fee of 0.15%. This fee is expected to be the lowest among all available spot bitcoin ETFs. Grayscale hopes to regain popularity among investors with the introduction of BTC, as the company’s flagship Grayscale Bitcoin Trust (GBTC) has seen outflows over the past month. Other Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust and Fidelity’s FBTC, have experienced significant inflows during this time.