Bitcoin's price fell below $56,000, marking the lowest level since August 8, as weak U.S. manufacturing data exacerbated concerns over an economic slowdown.
JPMorgan reported that Bitcoin miners generated an average of $43,600 per EH/s in August, the lowest recorded revenue, highlighting record lows in mining profitability.
The network hashrate for Bitcoin increased in August, averaging 631 EH/s, but remains below pre-halving levels, reflecting ongoing changes in mining dynamics.
Volmex Finance introduced an implied volatility index for Solana's SOL token, providing traders with a tool to measure expected price fluctuations in this cryptocurrency.
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