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Here’s why miners may stop Bitcoin from incurring any upwards momentum Here’s why miners may stop Bitcoin from incurring any upwards momentum
This article is more than 2 years old...

Here’s why miners may stop Bitcoin from incurring any upwards momentum

with insights from Glassnode

Investors and analysts who had believed that the mining rewards halving would reduce the selling pressure placed on Bitcoin appear to have been proven right, as selling activity from miners has plummeted in recent weeks.

Here’s why miners may stop Bitcoin from incurring any upwards momentum

Cover art/illustration via CryptoSlate

Investors and analysts who had believed that the mining rewards halving would reduce the selling pressure placed on Bitcoin appear to have been proven right, as selling activity from miners has plummeted in recent weeks.

Although this has alleviated the stream of selling pressure placed on Bitcoin from miners, it may not be quite as bullish as it seems.

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