According to reports, Bitcoin miners are experiencing a surge in accumulation similar to 2020, leading some to speculate that the cryptocurrency may be gearing up for a $100,000 price tag.

Quick Summary:

As the highly anticipated Bitcoin halving event approaches on April 19, a fascinating trend is emerging among miners.

Unlike the pre-halving sell-offs witnessed before the Halvings of 2016 and 2020, miners accumulate, going against previous trends.

This current accumulation trend suggests miners may anticipate a similar price surge.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: Hungary

Topics: Bitcoin Halving Bitcoin Bitcoin price Bitcoin News BTCUSDT Spot Bitcoin ETFs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-19 @ 01:00:01 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 20724929

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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