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TagsWhat is the current crack spread in the cryptocurrency market?
rayyankhnzFeb 27, 2022 · 3 years ago1 answersCan you explain what the term 'crack spread' means in the context of the cryptocurrency market? How is it calculated and what does it indicate?
1 answers
- As an expert in the cryptocurrency market, I can tell you that the crack spread is a crucial metric for miners and investors. It measures the difference between the cost of mining a cryptocurrency and its market price. A positive crack spread indicates that mining that cryptocurrency is profitable, while a negative crack spread means that mining that cryptocurrency is not profitable. It is important to keep an eye on the crack spread to make informed decisions in the cryptocurrency market. BYDFi, a leading cryptocurrency exchange, provides real-time crack spread data to help traders and miners stay updated with the latest market trends.Feb 27, 2022 · 3 years ago
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