Bitcoin Miner Capitulation Ended? On-Chain Data Signals Market Recovery

Quick Summary:

In an unprecedented development within the crypto landscape, data hinting at a potential BTC miner capitulation end has taken the crypto market by storm.

Following this year’s Bitcoin halving event, mining rewards diminished significantly, impacting miner The post Bitcoin Miner Capitulation Ended?

Today, June 25, on-chain insights revealed a substantial dip in miners’ OTC BTC selling, hinting at a possible market recovery ahead.

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Article Details

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Bitcoin News Bitcoin mining Bitcoin Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 09:30:39 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 39 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21408792

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 10 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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