"Bitcoin Miners Prepare for Halving: What Traders Need to Know"

According to a report by broker Benchmark, cryptocurrency miners are in a better position for the upcoming bitcoin halving due to the significant gains in bitcoin's price over the last six months. The report suggests that the impact of the halving on miners' economics could be offset by potential increases in network fees and a strong rally in bitcoin's price following the event. Additionally, the recent surge in bitcoin's price may help bail out less-efficient miners in the near-term, and the emergence of spot bitcoin exchange-traded funds (ETFs) in the U.S. could further magnify the halving's effect on the cryptocurrency's price.