Bitcoin Miners Face Financial Pressure Amid Rising Outflows and Market Volatility

Quick Summary:

This trend underscores a growing preference among holders for ‘HODL,’ potentially stabilizing the cryptocurrency’s value despite recent price swings.

Bitcoin miners are observing a notable market shift.

Recent data shows that nearly 75% of circulating Bitcoin has remained stationary for over six months.

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Article Details

Category: Crypto

Markets: IndiaMali

Topics: Bitcoin Bitcoin (BTC) Price Price Analysis Bitcoin analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 18:34:14 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 362 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 10 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22107205

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 37 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #59

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