Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
The biggest and most established global hub for everything crypto, blockchain and Web3.Bitcoin miners have been running down inventory in a rising market, moving away from the accumulation strategy seen ahead of the previous halving in May 2020.
The so-called miner balance has fallen by 27,000 since November, implying steady selling in the months leading up to the. The pivotal event is set to reduce the per-block BTC emission to 3.125 BTC from 6.25 BTC. The rally has allowed miners to take profits at higher prices and fund equipment upgrades to prepare for the reduced rewards rate, according to algorithmic trading firm Wintermute.
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.
Iceland's PM gives cold shoulder to crypto as miners search worldwide for cheap electricity: ReportsIceland's PM wants her country, the most energy rich in the world, per capita, to mine fewer Bitcoin and grow more corn.
Read more »
Biggest gold miners are missing out on bullion’s record runNo 1 source of global mining news and opinion
Read more »
SEC v. Ethereum: What to Expect and Why It Is Crucial to Crypto MarketThis round of crypto regulation could change way crypto industry works
Read more »
Nigerian crypto fee hike invitation for crypto ‘big boys’ — NoOnes CEOYoussef said the increase is an invitation for the crypto “big boys” like Coinbase and other major companies to operate in the Nigerian market.
Read more »
Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Read more »
History of Crypto: A timeline of events that shaped the future of moneyHistory of Crypto provides a user-friendly platform to revisit meaningful milestones for the crypto community.
Read more »