When Hedges Bite: How $109K Bitcoin Still Left Miners in the Red!

Bitcoin smashed through a new all-time high of $109,578 before retreating to $107,400 amid market volatility triggered by rising treasury yields above 5%.• Bitcoin's Golden Cross (50-day and 200-day moving average intersection) signals the beginning of a potential bull run• Bitcoin dominance hit another all-time high at 65% of total cryptocurrency market cap• Mining stocks initially rallied with double-digit gains before reversing dramatically by afternoon• Texas advancing legislation for a strategic Bitcoin reserve, now passed to the governor• Bitcoin Conference Las Vegas approaching with high-profile speakers including Ross Ulbricht and JD Vance• Riot Platforms upsized their credit facility with Coinbase to $200 million at approximately 9% interest• Cipher Mining priced convertible notes at 1.75% interest, maturing May 2030• High short interest in mining stocks explained by convertible arbitrage strategy from hedge funds• Hash price improved to $56, up from $37-39 range a few months ago• Mining difficulty increases continue to pressure production despite higher hash ratesAnthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]