Bernstein analysts claimed miners shouldn't sell any of the BTC they've recently mined at a loss; based on their projections, BTC would 'moon' to around $200,000 per token sometime next year.
The economic outlook for block reward mining in the U.S. is getting grimmer each day, with numerous miners registering plummeting figures, which could only worsen in the coming weeks.
Alarm bell rings as market chaos ensued following a huge drop in several tokens' fiat price over the weekend and into Monday, with observers identifying several culprits tied to the crash.
