Monday, May 23, 2022

Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows By Cointelegraph

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© Reuters.

The (BTC) mining enterprise is larger than ever at present worth ranges, and new information reveals simply how unlikely a mass miner sell-off actually is.

As famous by well-liked Twitter (NYSE:) account @venturefounder on Jan. 14, even at $42,000, the buying and selling pair is round 20% above miners’ price worth.

Bitcoin manufacturing price annotated chart (screenshot). Supply: @venturefounder/Twitter
Bitcoin hash fee chart. Supply: Blockchain