Bitcoin Miners Miss Out on Late-Year Rally as Crypto Market Surges
Bitcoin miners missed out on a late-year crypto rally in 2026 as Bitcoin surged 25% to around $80K. The rally was fueled by US Treasury liquidity and a short squeeze, but public Bitcoin miners sold large amounts of Bitcoin earlier in the year to fund their shift toward AI and high-performance computing due to high costs and low prices.
Spot Bitcoin ETFs saw $3.8 billion inflows, while stablecoin dominance weakened and exchanges experienced high trading volumes. Some miners are now borrowing against reserves, signaling optimism about future market activity.
The rally highlighted a split between miners and other crypto sectors benefiting from market activity. New stablecoin projects are expected in 2027, indicating continued growth and development in the crypto space.