Bitcoin Defies $1.1 Billion Electricity Theft Crackdown in Malaysia, Holding Firm Above $90,000
While regulators scramble to plug a billion-dollar energy leak, Bitcoin's price refuses to flicker.
The High-Voltage Crackdown
Authorities in Malaysia just pulled the plug on a massive operation—$1.1 billion worth of stolen electricity, allegedly funneled into powering crypto mining rigs. That's not a rounding error; it's a staggering sum that highlights the extreme lengths miners will go to secure cheap energy, often bypassing the grid entirely. The crackdown sends a clear, chilling signal to illicit operations worldwide: the free ride might be over.
The Unshakeable $90,000 Floor
Here's the twist: despite the headline-grabbing enforcement news, Bitcoin's price chart didn't even flinch. Holding steady above the $90,000 psychological barrier, BTC demonstrated a resilience that's become its trademark. It seems the market has learned to compartmentalize—regulatory actions against bad actors are one thing; the fundamental network strength and institutional adoption narrative are another. The price action suggests investors see this as a cleanup, not a systemic threat.
A Tale of Two Systems
This episode lays bare the ongoing tension between a decentralized, borderless asset and the very physical, localized infrastructure it relies on. Miners chase profit margins dictated by energy costs, sometimes crossing legal lines. Meanwhile, the asset they secure trades on a global market largely indifferent to any single country's enforcement actions. It's a stark reminder that Bitcoin's value proposition exists in a layer above the fray of regional politics and power grids—though it certainly can't ignore them forever.
The takeaway? Bitcoin continues to mature in the messiest way possible. While traditional finance frets over quarterly earnings and guidance, crypto's drama involves international manhunts and terawatt-hours—proving once again that in this arena, the news cycle is anything but boring. And for the suits still watching from the sidelines? Let's just say their risk models probably didn't account for a billion dollars in missing megawatts.
Bitcoin Price Chart. Image Courtesy: TradingView
At the same time, the bitcoin Hyper project, which is working on Bitcoin’s efficiency through speed, cost, and scalability, is gaining momentum, raising $29 million. The project has caught the attention of early Bitcoin adopters as they rotate into real utility and see Bitcoin Hyper as the next 100x crypto.
Bitcoin Mines Hunted For Electricity Theft
Malaysian officials have stepped up their fight against illegal Bitcoin mining by sending drones into the air and inspectors onto the ground. These teams now track mining setups that secretly tap into the national power supply. The push comes after cases of electricity theft shot up by nearly 300% between 2018 and 2024.
In their nationwide checks, authorities uncovered roughly 14,000 unauthorized mining sites, and the stolen power has already cost the country an estimated $1.1 billion. According to Wolfie Zhao, head of research at TheMinerMag, power theft has been a persistent issue in Malaysia for years and isn’t something caused only by Bitcoin miners.
Even legal miners struggle to stay profitable. They must cover the price of mining machines, cooling systems, upkeep, and pool fees. At the same time, mining becomes harder as more participants join the network, lowering the chances of earning rewards for any single miner.
Bitcoin Price Prediction Points to $170,000 Target, Says JP Morgan
Bitcoin was finally showing some positive momentum after weeks of brutal selling pressure in the crypto market. The pioneer crypto surged to $94,000 mark in the previous session. Market experts note that the dip buyers stepping in, positive developments, and expectations of a Federal Reserve rate cut next week have renewed the momentum.
JPMorgan turn bullish on #Bitcoin calling $170k within 6 to 12 months pic.twitter.com/2KkkJoqHJ1
— MartyParty (@martypartymusic) November 6, 2025
The market is still volatile; however, JPMorgan is already predicting major upside ahead. The JPMorgan strategists team said Bitcoin could target $170,000 over the next 6-12 months.
“Our volatility-adjusted bitcoin comparison to gold metric continues to imply a theoretical Bitcoin price of close to $170k, suggesting significant upside for bitcoin over the next 6-12 months,” a team of strategists led by Nikolaos Panigirtzoglou wrote in a client note.
Bitcoin Hyper: A Layer-2 Utility And A Viral Presale
As Bitcoin price prediction outlook turns bullish, the spotlight is now on Bitcoin Hyper, an upcoming infrastructure project transforming how Bitcoin is used.
Bitcoin Hyper is building a system that brings modern DeFi tools and advanced smart contract execution directly into the Bitcoin world. Instead of relying on Bitcoin’s traditional, slower setup, it uses a Solana VIRTUAL Machine (SVM) on top of a Bitcoin-based layer to deliver faster performance and more flexible features. This design lets the project combine Bitcoin’s trusted security with the speed and efficiency found in newer blockchain networks.
By integrating the SVM, enabling ultra-fast transactions, and offering strong staking rewards, Bitcoin Hyper aims to position BTC as the backbone of a high-performance, next-generation ecosystem
What makes Bitcoin Hyper stand out right now:
- Transforming $2 trillion utility in Bitcoin’s capital
- 55,000 holders and growing, with strong community traction
- 40% p.a. Staking rewards for presale participants
- $29 million raised in record time
- Coinsult and Spywolf verification adding security confidence
- Discounted token price in presale: $0.013375
This utility-first approach and revolutionary tech make Bitcoin Hyper one of the best DeFi projects of 2025. The protocol is opening the door for Bitcoin capital to be used in meme coin trading, NFTs, dApps, and other DeFi activities. Bitcoin Hyper is putting crypto to work in solving real-world problems.
Buy Bitcoin Hyper Here
The post bitcoin price Prediction: Malaysia Cracks Down on $1.1 Billion Electricity Theft While BTC Holds $90,000 appeared first on icobench.com.
