The post Cramer Warns You Could ‘Lose Everything’ with American Bitcoin appeared on BitcoinEthereumNews.com. CNBC’s Jim Cramer, one of the most famous stock market commentators, has warned that American Bitcoin (ABTC) investors could potentially “lose everything.”   “It’s a spec. It’s your one spec, as I say, in how to make money…But that could lose everything. Just so long as you know that, that’s fine,” Cramer told his audience during the latest episode of “Mad Money.” The mining firm is majority owned by Canadian miner Hut 8, which is also known as one of the largest corporate holders of the leading cryptocurrency.  The ABTC stock closed at $6.69, slipping by 4.29% amid a broader crypto market sell-off. Last week, American Bitcoin appointed KPMG, one of the “Big Four” accounting firms, as its new independent auditor.  You Might Also Like Crypto rally pauses  As reported by U.Today, Cramer recently stated that he would like the “endless rally of speculation,” which includes crypto, to eventually take a breather.  Despite being initially mocked by the crypto community due to the contrarian nature of some of his predictions, Cramer’s most recent call ended up being somewhat prescient.  Earlier today, the price of the leading coin slipped to a multi-week low of $108,787.  Source: https://u.today/cramer-warns-you-could-lose-everything-with-american-bitcoinThe post Cramer Warns You Could ‘Lose Everything’ with American Bitcoin appeared on BitcoinEthereumNews.com. CNBC’s Jim Cramer, one of the most famous stock market commentators, has warned that American Bitcoin (ABTC) investors could potentially “lose everything.”   “It’s a spec. It’s your one spec, as I say, in how to make money…But that could lose everything. Just so long as you know that, that’s fine,” Cramer told his audience during the latest episode of “Mad Money.” The mining firm is majority owned by Canadian miner Hut 8, which is also known as one of the largest corporate holders of the leading cryptocurrency.  The ABTC stock closed at $6.69, slipping by 4.29% amid a broader crypto market sell-off. Last week, American Bitcoin appointed KPMG, one of the “Big Four” accounting firms, as its new independent auditor.  You Might Also Like Crypto rally pauses  As reported by U.Today, Cramer recently stated that he would like the “endless rally of speculation,” which includes crypto, to eventually take a breather.  Despite being initially mocked by the crypto community due to the contrarian nature of some of his predictions, Cramer’s most recent call ended up being somewhat prescient.  Earlier today, the price of the leading coin slipped to a multi-week low of $108,787.  Source: https://u.today/cramer-warns-you-could-lose-everything-with-american-bitcoin

                                                                               Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power.                     The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more