Bitcoin holding above $20,000 offers miners hope as margins become healthier

Last year was tough for cryptocurrency markets as many prices plummeted. But bitcoin has had a strong rally so far this year, and some mining experts see this as an opportunity for the space to stage a comeback.
When bitcoin prices dropped to $16,000 in late 2022, profits were getting squeezed, Andy Long, CEO of bitcoin mining-focused White Rock Management, told TechCrunch. However, things may be looking up: Bitcoin’s price has increased about 39% to around $23,000 year to date, according to CoinMarketCap data.
That means margins are expanding, said Christian Lopez, director of fintech investm

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