Bitcoin's price is rising ahead of U.S. inflation data, with potential to exceed $65,000 if CPI comes in softer-than-expected. The CoinDesk 20 Index also saw a slight increase, reflecting a positive sentiment in the broader crypto market.
Miners are facing revenue challenges as Bitcoin's mean transaction fee, initially spiked post-halving, starts to decline. This has led to discussions about potential liquidation of around $5 billion worth of BTC, highlighting the impact on miners' profitability.
Galaxy Digital's positive momentum is expected to continue, backed by a 40% increase in net income. The approval of spot bitcoin ETFs in the U.S. is seen as a key driver, fueling trading revenue growth and encouraging mining expansion at Galaxy's Helios facility for future mining and AI hosting opportunities.
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