List of Flash News about US energy bill
Time | Details |
---|---|
2025-06-09 20:35 |
US Energy Policy Bill Passed: Impact on Crypto Mining and Market Volatility
According to The White House, the newly passed energy bill ends restrictions on American energy production, signaling a policy shift favoring increased domestic oil and gas drilling (source: The White House, June 9, 2025). For crypto traders, this could lower operational costs for US-based Bitcoin and Ethereum miners due to potentially reduced energy prices and increased supply. Historically, lower energy costs have supported higher mining profitability, which may encourage new mining entrants and lead to increased network hash rate. This development could influence crypto market volatility and sentiment, especially for energy-intensive proof-of-work cryptocurrencies. |