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Public Bitcoin Miners Are Selling Off BTC Reserves as Crypto Winter Sets In
It must be a bear market if Bitcoin mining companies, usually the ultimate HODLers, have started selling their stashes. Publicly traded Bitcoin miners, like Marathon Digital and Riot Blockchain, sold more Bitcoin than they produced last month, a big step up from the first four months of the year when they sold only about 30% of what they produced, according to a new report from Arcane Research. "If they are forced to liquidate a considerable share of these holdings, it could contribute to pushing the Bitcoin price further down," Jaran Mellerud, an Arcane Research Bitcoin mining analyst, wrote in a report. chart ... (full story)
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From theblock.co|Jun 22, 2022Jerome Powell, chairman of the Federal Reserve, told a Senate committee Wednesday that officials at the US central bank are watching the crypto market closely amid a period of ...
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- Posted: Jun 22, 2022 1:35pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 58
