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Difficult for BTC Price To Rebound Due to Sell-Off by Miners: JP Morgan

Bankless Times LogoBankless Times1 mo ago

Difficult for BTC Price To Rebound Due to Sell-Off by Miners: JP Morgan

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The current Bitcoin (BTC) sell-off by miners could make it difficult for its prices to rebound, especially if the trend continues, according to analysts by JP Morgan.

Murtuza Merchant is a senior journalist, having been associated with various publications for over a decade.

That offloading “has likely already weighed on prices in May and June, though there is a risk that this pressure could continue.


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Article Details

Author / Journalist: Murtuza Merchant

Category: CryptoTechnology

Topics: Morgan Meet Mining According Miners Costs Analysts June Been Crypto Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-28, 02:48:46

News Timezone: GMT +8:00

News Source URL: banklesstimes.com

Language: English

Reading Time: 2 minutes read

Article Length: 347 words

Coverage Area: Canada

Availability: Desktop Web, Mobile Web

News ID: 16665

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About Bankless Times

Bankless Times Logo

Main Topics: CryptoTechnology

Official Website: banklesstimes.com

Update Frequency: 4 posts per day

Year Established: 2011

Headquarters: Canada

News Last Updated: 20h ago

Coverage Areas: Canada

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #29

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