CandleFocus October Boosts Bitcoin Miners' Revenue—But How Will the Election Shift the Market?
2024-10-18
Author: Content Editor
Bitcoin miners are seeing increased profitability in October as bitcoin prices rise. The network's hashprice has climbed over 14% this month, and miners are earning around $50.29 per PH/s, up from $44.01 at the beginning of October. The network hashrate is just below the all-time high recorded on October 7. However, the upcoming 2024 U.S. presidential election, featuring Kamala Harris and Donald Trump, could introduce volatility into the market, as political events often impact financial markets and cryptocurrencies.
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