Bitcoin Holds Steady Amid Market Stability and AWS Outage

This week, the cryptocurrency market remained relatively stable, with Bitcoin maintaining its position around $84,000. However, an AWS outage disrupted several crypto services, highlighting vulnerabilities in the decentralized economy. Meanwhile, BTC miner revenues hit a five-year low, and EigenLayer introduced new security features.

Crypto Market相对稳定，AWS故障导致部分加密资产服务中断

本周加密货币市场相对稳定，比特币维持在84,000美元左右。CoinDesk 20指数（追踪约80%的市场）在过去七天内上涨约4%，没有发生历史性变动。然而，周二AWS发生技术故障，导致许多加密资产服务中断，凸显了去中心化经济并不总是那么去中心化。此外，Nvidia的坏消息也导致比特币和其他主要加密货币下跌。EigenLayer推出了旨在解决安全问题的“slashing”功能。另一方面，专注于实体资产的项目Mantra价值暴跌90%。

Chart of the Week: Dire Picture for BTC Miners

A key metric used to gauge BTC miner revenue, hashprice, is currently hovering NEAR a five-year low, according to HashRate Index. The metric, which represents the income miners can expect per unit of computing power (denoted by per petahash or PH/s), is currently at $44.00 PH/s, slightly above its August 2024 low. Despite the higher BTC price, currently trading around $84,000, miner revenue is dwindling due to the recent halving event that cut rewards by half, painting a dire picture of the mining industry as a whole.

Metaplanet Buys Another 330 BTC

Publicly-listed Metaplanet announced fresh Bitcoin (BTC) purchases on Monday as BTC went above $87,300, reversing last week’s loses. Metaplanet picked up 330 BTC bringing its overall holdings to 4,855 BTC, worth over $420 million. This is the Japanese firm’s third bitcoin purchase this month, even as broader markets reel from tariff concerns amid a general lack of optimism. Earlier this month, Metaplanet became the tenth-largest public holder of BTC. Additionally, Fashion brand ANAP Holdings purchased approximately 16.6591 BTC, valued at around 200 million yen (approximately $1.4 million), last week.

Bitcoin Breakout Lifts Market Sentiment

Bitcoin’s decentralized nature empowers individuals by facilitating peer-to-peer transactions without government interference. Recent reports of President Trump exploring ways to remove Jerome Powell as Fed Chair led to market reactions, including a sell-off in the dollar and U.S. stock futures. Bitcoin’s censorship-resistant qualities are highlighted in this context.

Bitcoin Holding Near $87k Amid Stock Market Slump

Bitcoin (BTC) is trading near $86,800, up 2.3% in the last 24 hours, even as the broader stock market declines. The CoinDesk 20 Index has also risen 1.17%, mainly due to bitcoin. Crypto-linked stocks such as Coinbase (COIN) and Strategy (MSTR) are relatively stable, while major Bitcoin miners are down between 2% and 3%.