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NASDAQ:SEIC News 5 February 2026

Bank of England rate decision: Traders brace for a 3.75% hold as UK inflation stays above target

Bank of England rate decision: Traders brace for a 3.75% hold as UK inflation stays above target

LONDON, Feb. 5, 2026, 08:30 GMT The Bank of England is set to hold its benchmark Bank Rate steady at 3.75% on Thursday. The policy announcement is scheduled for 1200 GMT, followed by a press conference 30 minutes later. The previous rate cut in December passed by a slim 5-4 margin. Investors have now pushed bets on the next move…
5 February 2026
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  • Bitcoin Mining Faces Pressure as Price Falls Short of $87,000 Production Costs
    February 5, 2026, 7:29 AM EST. Bitcoin's price, around $69,270, is about 20% below the estimated average production cost of $87,000, according to Checkonchain data. This gap heightens financial strain on miners, many of whom operate at a loss and are liquidating holdings to cover expenses. Historically, bitcoin trading below production cost signals bear market conditions, seen in 2019 and 2022 before recovery. Network difficulty, a measure of mining effort, links to market cap to estimate mining costs. Bitcoin network hashrate dropped from a peak near 1.1 zettahash per second (ZH/s) but recently stabilized around 913 exahash per second (EH/s). Miners' ongoing capitulation exposes vulnerabilities within the sector amid current price pressures.
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