• bitcoinBitcoin (BTC) $ 77,461.00
  • ethereumEthereum (ETH) $ 2,308.59
  • tetherTether (USDT) $ 0.998972
  • bnbBNB (BNB) $ 753.59
  • xrpXRP (XRP) $ 1.59
  • usd-coinUSDC (USDC) $ 0.999613
  • jusdJUSD (JUSD) $ 0.999053
  • tronTRON (TRX) $ 0.284010
  • staked-etherLido Staked Ether (STETH) $ 2,305.04
  • dogecoinDogecoin (DOGE) $ 0.103829
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.00
  • cardanoCardano (ADA) $ 0.287478
  • bitcoin-cashBitcoin Cash (BCH) $ 519.08
  • whitebitWhiteBIT Coin (WBT) $ 48.21
  • wrapped-stethWrapped stETH (WSTETH) $ 2,825.35
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 77,098.00
  • usdsUSDS (USDS) $ 0.999533
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999028
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,510.14
  • moneroMonero (XMR) $ 424.01
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  • leo-tokenLEO Token (LEO) $ 8.17
  • hyperliquidHyperliquid (HYPE) $ 29.50
  • chainlinkChainlink (LINK) $ 9.48
  • canton-networkCanton (CC) $ 0.175043
  • ethena-usdeEthena USDe (USDE) $ 0.998710
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 77,503.00
  • stellarStellar (XLM) $ 0.173309
  • wethWETH (WETH) $ 2,306.56
  • usd1-wlfiUSD1 (USD1) $ 0.998540
  • zcashZcash (ZEC) $ 294.20
  • litecoinLitecoin (LTC) $ 58.31
  • usdt0USDT0 (USDT0) $ 0.999069
  • daiDai (DAI) $ 0.998858
  • susdssUSDS (SUSDS) $ 1.09
  • avalanche-2Avalanche (AVAX) $ 9.85
  • suiSui (SUI) $ 1.10
  • shiba-inuShiba Inu (SHIB) $ 0.000007
  • hedera-hashgraphHedera (HBAR) $ 0.088635
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • paypal-usdPayPal USD (PYUSD) $ 0.999829
  • tether-goldTether Gold (XAUT) $ 4,781.55
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.121481
  • the-open-networkToncoin (TON) $ 1.32
  • rainRain (RAIN) $ 0.009249
  • crypto-com-chainCronos (CRO) $ 0.078763
  • polkadotPolkadot (DOT) $ 1.50
  • uniswapUniswap (UNI) $ 3.84
  • memecoreMemeCore (M) $ 1.34
  • mantleMantle (MNT) $ 0.691026
  • falcon-financeFalcon USD (USDF) $ 0.993847
  • bitget-tokenBitget Token (BGB) $ 3.05
  • pax-goldPAX Gold (PAXG) $ 4,810.05
  • aaveAave (AAVE) $ 124.51
  • okbOKB (OKB) $ 87.23
  • bittensorBittensor (TAO) $ 189.39
  • pepePepe (PEPE) $ 0.000004
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • global-dollarGlobal Dollar (USDG) $ 0.999612
  • htx-daoHTX DAO (HTX) $ 0.000002
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.05
  • nearNEAR Protocol (NEAR) $ 1.17
  • pump-funPump.fun (PUMP) $ 0.002538
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • ethereum-classicEthereum Classic (ETC) $ 9.56
  • internet-computerInternet Computer (ICP) $ 2.63
  • jito-staked-solJito Staked SOL (JITOSOL) $ 127.86
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,456.50
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,308.72
  • skySky (SKY) $ 0.060749
  • ripple-usdRipple USD (RLUSD) $ 0.999846
  • pi-networkPi Network (PI) $ 0.155993
  • ondo-financeOndo (ONDO) $ 0.275771
  • solanaWrapped SOL (SOL) $ 101.77
  • bfusdBFUSD (BFUSD) $ 0.999125
  • aster-2Aster (ASTER) $ 0.536719
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999542
  • wbnbWrapped BNB (WBNB) $ 753.47
  • hash-2Provenance Blockchain (HASH) $ 0.022001
  • kucoin-sharesKuCoin (KCS) $ 8.93
  • gatechain-tokenGate (GT) $ 8.12
  • worldcoin-wldWorldcoin (WLD) $ 0.394250
  • binance-staked-solBinance Staked SOL (BNSOL) $ 111.15
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.103000
  • ethenaEthena (ENA) $ 0.136892
  • usddUSDD (USDD) $ 0.999810
  • myx-financeMYX Finance (MYX) $ 5.38
  • quant-networkQuant (QNT) $ 68.38
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,666.52
  • aptosAptos (APT) $ 1.24
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  • official-trumpOfficial Trump (TRUMP) $ 4.13
  • algorandAlgorand (ALGO) $ 0.100991
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 77,544.00
  • usdtbUSDtb (USDTB) $ 0.999633
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999613
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.97
  • ignition-fbtcFunction FBTC (FBTC) $ 77,405.00
  • kaspaKaspa (KAS) $ 0.031142
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  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • nexoNEXO (NEXO) $ 0.815459
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  • render-tokenRender (RENDER) $ 1.51
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  • filecoinFilecoin (FIL) $ 1.04
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  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
  • vechainVeChain (VET) $ 0.008207
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • ousgOUSG (OUSG) $ 114.15
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 29.87
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,510.21
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.24
  • xdce-crowd-saleXDC Network (XDC) $ 0.033703
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999731
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,431.90
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 77,353.00
  • bonkBonk (BONK) $ 0.000007
  • cocaCOCA (COCA) $ 1.30
  • usdaiUSDai (USDAI) $ 0.999581
  • beldexBeldex (BDX) $ 0.079514
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 76,997.00
  • morphoMorpho (MORPHO) $ 1.10
  • clbtcclBTC (CLBTC) $ 76,917.00
  • usual-usdUsual USD (USD0) $ 0.996902
  • wrapped-flareWrapped Flare (WFLR) $ 0.009713
  • janus-henderson-anemoy-treasury-fundJanus Henderson Anemoy Treasury Fund (JTRSY) $ 1.09
  • sei-networkSei (SEI) $ 0.085078
  • jupiter-exchange-solanaJupiter (JUP) $ 0.173093
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,308.30
  • dashDash (DASH) $ 43.57
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  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,466.09
  • binance-peg-xrpBinance-Peg XRP (XRP) $ 1.60
  • ghoGHO (GHO) $ 0.998886
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.50
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 118.38
  • a7a5A7A5 (A7A5) $ 0.012643
  • true-usdTrueUSD (TUSD) $ 0.998329
  • tezosTezos (XTZ) $ 0.459072
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,308.28
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.007535
  • fasttokenFasttoken (FTN) $ 1.09
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  • story-2Story (IP) $ 1.34
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  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 77,287.00
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Bitcoin Miner 1Q Results May Disappoint as Hashprice Fell, Tariffs Hit: CoinShares

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Bitcoin Miner 1Q Results May Disappoint as Hashprice Fell, Tariffs Hit: CoinShares

Bitcoin (BTC) miners’ first-quarter results may disappoint because the hashprice, a measure of daily mining profitability, fell further and trade tariffs weighed on the market, asset manager CoinShares (CS) said in a blog post on Friday.

“Q2 results may show deterioration, as tariffs on imported mining rigs range from 24% (Malaysia) to 54% (China),” analysts led by James Butterfill wrote.

Bitcoin miners that are dependent on older or less-efficient rigs are faced with higher exposure to these tariffs, the report said.

Core Scientific (CORZ) is “better insulated, as it transitions to HPC,” the authors wrote, adding that Bitdeer (BTDR), which makes its own rigs, could see margin pressure on sales outside the U.S.

The asset manager predicts that the Bitcoin network hashrate could reach 1 zettahash per second (ZH/s) by July and 2 ZH/s by early 2027.

The hashprice outlook is not as positive.

The asset manager’s model indicates “a gradual structural decline, with prices likely to remain range-bound between $35 and $50 per PH/day through to the 2028 halving cycle.”

Tariffs and trade tensions could be positive for bitcoin adoption in the medium term, asset manager Grayscale said in a research report earlier this month.



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