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If inflation pressures last longer than what’s anticipated, can we still call it transitory? The broader markets are now on a rebound as the U.S. Federal Reserve looks to take the “financial training wheels” from the economy mid-November. The price of Bitcoin regained strength and at a point reached $59k yesterday, showing great promise of accelerating towards the $60k level in the near term. This increase in price has somewhat propelled the mining industry. Despite the Miner Exodus in May, hashrates are now seen to be swiftly recovering to previous levels; mining profitability has bounced back significantly since the start of October. Meanwhile, the U.S. has officially eclipsed China to become the top destination for Bitcoin miners, with more than one-third of the world’s total hash power located in the country. So long, China FUD.