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Home ยป Bitcoin Miners Decrease Holdings Amid Price Volatility
Bitcoin

Bitcoin Miners Decrease Holdings Amid Price Volatility

By adminJun. 26, 2024No Comments1 Min Read
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Bitcoin Miners Decrease Holdings Amid Price Volatility
Bitcoin Miners Decrease Holdings Amid Price Volatility
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Bitcoin mining companies have seen their reserves dwindle to the lowest point in a decade, shedding light on the persistent selling trend. The sustained withdrawals from exchange-traded funds (ETFs) have further exacerbated Bitcoin’s price decline. As of this report, the reserves of Bitcoin miners have rebounded to levels last observed on June 19. The ongoing liquidation by miners can be justified by the rising operational expenses and the current Bitcoin valuation, which presents a viable opportunity for offloading their holdings. Stay informed with the latest in tech by visiting **NEWSLINKER**.

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