Crypto bill clears US Senate milestone despite Democrat opposition CoinDesk

IBIT fell 5.3% Monday, its biggest drop since early August.

Miners will be faced with substantial cost increases as a result of the halving, with electricity and bitcoin production costs almost doubling, the report said.

BTC dipped slightly during U.S. morning trading Thursday on the Commerce Department reporting a tepid gain in GDP for the first quarter and disappointing personal consumption data, before rebounding.