Bitcoin

Heatwaves increase electricity consumption for cooling, which can strain power grids and raise wholesale electricity prices. For crypto miners, higher energy costs compress margins, potentially reducing hash rate if unprofitable miners shut down. This is a recurring seasonal factor that traders often overlook, but its effect is typically marginal unless the heatwave is extreme and prolonged.

A heatwave advisory warns of rising temperatures and provides tips to protect children, who are especially vulnerable.