Close Menu
  • Latest News
    • Market
    • Altcoins
    • Legal and Regulatory
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • NFTs
    • Gaming
  • Learn
    • Education
    • Investments
    • Staking
    • Wallets and Exchanges
  • ICOs
  • Mining
  • Crypto Tools
    • Exchange Tool
  • Shop
What's Hot

Crypto Is for Crooks, Dem Senator Says

August 1, 2026

ZENi Joins Zypher Network to Accelerate AI + ZK Web4 Framework

August 1, 2026

Here’s why XEC’s 40% hike comes with a clear warning for traders!

August 1, 2026
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
CryptoPulseDaily.com
  • Latest News
    • Market
    • Altcoins
    • Legal and Regulatory
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • NFTs
    • Gaming
  • Learn
    • Education
    • Investments
    • Staking
    • Wallets and Exchanges
  • ICOs
  • Mining
  • Crypto Tools
    • Exchange Tool
  • Shop
CryptoPulseDaily.com
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
Share
Facebook Twitter LinkedIn Pinterest Email

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 […]

Source link

See also  Swan Bitcoin Unveils Mining Unit as Parent Company Prepares to Go Public
Analyst Bitcoin BTCs miners Plunge Responsible speculators
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Russia to Ban Crypto Mining in Moscow and Parts of Kursk Region

August 1, 2026

AI GPUs Earn 10x More per Hour Than Mining Rigs

August 1, 2026

Bitcoin And Ethereum Edge Higher As Traders Watch Altcoin Rotation

August 1, 2026

Bitcoin Hashrate Declines for 287 Days, Difficulty Down 19.9% from Peak as Miners Pivot to AI

August 1, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Token on BNB Chain faces rugpull – A grave pattern arises

January 15, 2024

Binance has quietly laid off 1,000 or more employees in recent weeks; may slash workforce by up to 30%: WSJ

July 17, 2023

Stealthy Crypto-Miners Are Slipping Into Web Ads

September 11, 2023

Subscribe to Updates

Get the latest creative news From Crypto Daily Pulse directly in your Inbox!

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Crypto, ICOs, Web3, Blockchain and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Crypto Is for Crooks, Dem Senator Says

August 1, 2026

ZENi Joins Zypher Network to Accelerate AI + ZK Web4 Framework

August 1, 2026

Here’s why XEC’s 40% hike comes with a clear warning for traders!

August 1, 2026
Get Informed

Subscribe to Updates

Get the latest creative news From Crypto Daily Pulse directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2026 Crypto Pulse Daily - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

Cleantalk Pixel
  • bitcoinBitcoin(BTC)$62,997.00-1.20%
  • ethereumEthereum(ETH)$1,866.25-1.20%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$580.62-1.40%
  • usd-coinUSDC(USDC)$1.000.00%
  • rippleXRP(XRP)$1.06-1.40%
  • solanaSolana(SOL)$72.79-1.00%
  • tronTRON(TRX)$0.327695-0.30%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.01-2.40%
  • whitebitWhiteBIT Coin(WBT)$54.98-1.20%