Crypto Markets Stagnant in September as Mining Economics Tighten and Competition Heats Up

Bitcoin price remained rangebound between $25k-$30k in September, bucking typical negative monthly returns. However, crypto stocks and altcoins underperformed.

Major publicly-traded crypto mining companies like Marathon and Iris saw their stocks drop 30% as mining economics tighten ahead of the 2024 halving.

Bitmain released a new, more efficient Antminer model that will further increase competition and pressure miner profits.

Cointelegraph Research's latest report provides valuable insights into industry developments, especially in bear markets.

The Cointelegraph Research team brings together top blockchain talent with academic rigor and practical experience to produce market-leading insights.