CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Coin Edition 2024-08-17 11:10:00

Bitcoin Miners Buck Trend, Hold Onto Coins Despite Price Rise

On-chain analysts have noticed a key trend in Bitcoin miners’ behavior this year. Even with the rise in BTC price, the miner-to-exchange transfer rate has significantly decreased, suggesting that BTC miners are choosing to keep their coins. At the same time, a JP Morgan analyst noted that August saw the lowest-ever Bitcoin mining profitability, while The post Bitcoin Miners Buck Trend, Hold Onto Coins Despite Price Rise appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.