Crypto Blog
While the effects of the fourth halving slowly set in, Bitcoin miners appear to be selling less and holding onto more BTC after the recent block reward reduction.by CryptoQuant, the Miner Position Index and Puell Multiple, which track miner selling activity and profitability, respectively, are indicating a significant reduction in miner sell pressure post-halving, with 14 consecutive days of consolidation and accumulation.
As spot Bitcoin ETF flows increase and the likelihood of a rate cut in Q4 rises, miners are likely accumulating in preparation for a profitable sell-off in the coming months.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin miner moves $3 million of BTC that sat untouched for nearly 14 yearsOne set of mining rewards from 2010 that sat untouched for nearly 14 years moved today, with some of the funds possibly going to Coinbase.
Read more »
Bitcoin Miner CEOs Are Upbeat Ahead of the Halving, Expect M&A: BernsteinWill Canny is CoinDesk's finance reporter.
Read more »
Bitcoin miner stocks drop on ‘unsubstantiated’ post-halving profit fears: AnalystBitcoin mining shares have dropped this year as Blockware Solutions’ Mitchell Askew says investor concerns are growing over their post-halving profitability.
Read more »
Bitcoin Miner Stocks Decline Ahead of Halving, Miners Remain OptimisticCrypto Blog
Read more »
Bitcoin miner manufacturer Auradine raises $80 million Series B ahead of halvingAuradine, a web infrastructure startup that also manufactures Bitcoin miners, has raised $80 million in a Series B funding round.
Read more »
Breaking: Bitcoin halving concludes successfully as BTC miner rewards reduce to 3.125Bitcoiners and cryptocurrency market enthusiasts are celebrating the fourth successful execution of the Bitcoin halving, done at a block height of 840,000.
Read more »