Markets Outlook

Crypto Update | Why Are Crypto Exchanges Launching Layer 2 Blockchains?

Nov 15, 2023
Noelle Acheson, writer of the Crypto Is Macro Now newsletter, discusses exchange developments, bitcoin miners, and economic data. Topics include crypto exchanges launching layer 2 blockchains, motivations behind it, potential collaborations, and the impact on Bitcoin miners. The correlation between Bitcoin prices and mining income is explored, alongside the challenges faced by Hut 8. Monitoring miner results is highlighted for the overall health of the Bitcoin market.
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