Bitcoin Miners Sell 2655 BTC Worth $154 Million Over Weekend, Marking Historic First

Quick Summary:

Bitcoin miners sell 2655 BTC over the weekend, amounting to approximately $154 million, in what has been reported as the first time in history that such a large amount of BTC has been sold by miners within such a short period.

As market participants analyze the reasons behind this sale and its potential implications, the event underscores the ongoing importance of miner activity in the cryptocurrency ecosystem.

On the other hand, if the sale triggers further selling by other market participants, it could lead to increased volatility and a potential decline in Bitcoin’s value.

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Article Details

Author / Journalist: Ishu Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin miners sell 2655 BTC Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 05:56:22 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22342240

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 11 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #121

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