1. Home
  2. Bitcoin (BTC)
  3. Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000
Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below ,000
Bitcoin (BTC)
Bitcoin mining
bitcoin.com
Block reward
crypto assets
Cryptocurrency
Mining
News
0

Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000

0
Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below ,000
now viewing

Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000

Cryptocurrency investment should favor emerging markets
now playing

Cryptocurrency investment should favor emerging markets

Floki DAO floats liquidity provisioning for a Floki ETP in Europe
now playing

Floki DAO floats liquidity provisioning for a Floki ETP in Europe

Crypto payments are not as complicated as you think: a quick guide to accepting crypto with CryptoProcessing
now playing

Crypto payments are not as complicated as you think: a quick guide to accepting crypto with CryptoProcessing

CIS Nations Ditch Foreign Currencies—85% of Trade Now in Local Tenders
now playing

CIS Nations Ditch Foreign Currencies—85% of Trade Now in Local Tenders

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?
now playing

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

0K Bitcoin? Too Small – Government Reserves Could Ignite 0K BTC Explosion
now playing

$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth
now playing

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth

3 coins back from the dead in 2024 that may continue to rise in ‘25
now playing

3 coins back from the dead in 2024 that may continue to rise in ‘25

Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook
now playing

Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook

Ripple’s Stablecoin Hits Singapore – Regulated Exchange Brings RLUSD to Transform Markets
now playing

Ripple’s Stablecoin Hits Singapore – Regulated Exchange Brings RLUSD to Transform Markets

Source: Bitcoin.com

A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s Plunge According […]

Go to Source
Author: Terence Zimwara

Related posts:

  1. Hut 8 Unveils BTC-Funded 62 MW Texas Facility for Mining Efficiency Boost
  2. Iceland’s Prime Minister Vows to Prioritize Food Security Over Bitcoin
  3. Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs
  4. In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286
Bitcoin.com
Related Posts
Cryptocurrency investment should favor emerging markets

Cryptocurrency investment should favor emerging markets

Coin Telegraph 0
Floki DAO floats liquidity provisioning for a Floki ETP in Europe

Floki DAO floats liquidity provisioning for a Floki ETP in Europe

Coin Telegraph 0
Crypto payments are not as complicated as you think: a quick guide to accepting crypto with CryptoProcessing

Crypto payments are not as complicated as you think: a quick guide to accepting crypto with CryptoProcessing

The Crypto Briefing 0
WordPress Theme by cactus.com
Close

Share this video