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

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

June 27, 2024No Comments1 Min Read
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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 […]

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See also  Bitwise Continues SEC Filing Spree With Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC)
Analyst Bitcoin BTCs miners Plunge Responsible speculators
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