H.C. Wainwright & Co. has released its latest update on Bitcoin mining, showing a mixed third quarter for miners affected by broader market uncertainties and the upcoming April 2024 Bitcoin halving.

Per the analyst note shared with crypto.news, Bitcoin (BTC) prices remained volatile throughout Q3 2024, influenced by concerns about the U.S. economy, international tensions, and the upcoming presidential election. 

After dipping as low as $49,100 in August, BTC prices bounced back following the Federal Reserve’s decision to cut interest rates in September. 

This rate cut marked the first reduction in four years and sparked a rally, pushing BTC to around $63,250 by the end of the quarter.

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