Bitcoin faces mixed trends as it fluctuates between $59,800 and $66,500. Analysts remain optimistic about a potential rise to $100,000. Increased demand for Bitcoin ETFs, historical patterns, and global factors play roles in potential price movements. However, challenges such as government actions and geopolitical tensions persist.
Riot Platforms, a key Bitcoin miner, reports disappointing Q1 FY23 results with increased operational expenses and litigation woes. Its data-center costs soared by 46%, affected by severe weather and insurance costs. RIOT is advised to focus on self-mining, with expectations for better Q2 revenue.