Bitcoin Selling By Miners Could Continue into Q3 if BTC's Price Does Not Improve – JP Morgan

Bitcoin miners needing to sell could weigh down on the price of BTC for some time. According to analysts from JP Morgan, miners offloading Bitcoin to cover costs could continue into the third quarter of 2022 if the value of BTC does not improve.

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Binance CEO Believes BTC might not reclaim its all-time high for the next two years while it did manage to recover above $20,000 but since then, it hasn't been any bigger upward movement so let's read more today in our latest Bitcoin news. This led to speculation on whether the digital assets will be able

While the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mined in 2010 were spent for the first time in over 11 years. The four block rewards were mined between September and October 2010 and the 200 bitcoin worth $4.27 million were transferred to an unknown wallet. 4

According to the crypto platform, BitInfoCharts, the world's largest Bitcoin (CRYPTO: BTC) whale, holds 130,227 BTC, worth over $2 billion ($2,740,221,284.06). With a series of transactions since June 14, the whale has managed to add 2,554 Bitcoin.

Bitcoin (BTC/USD) continued to modestly glide higher early in the Asian session as the pair worked to remain above the 21000 figure after trading as high as the 21537.46 area during its ongoing recovery, a level that represented a test of the 38.2% retracement of the recent depreciating range from 28314.52 to 17567.45.   Traders continue to wait and see if BTC/USD can sustain a move above the 20867.15 area, representing the 23.6% retracement of the depreciating range from 31549.21 to 17567.45.

Over the past few weeks, Changpeng Zhao (“CZ”), Co-Founder and CEO of Binance, has commented on several occasions about the price of Bitcoin, while always making it clear that he is not offering any kind of financial, investment, or trading advice. Here are a few of CZ's most interesting tweets on this topic (in reverse

For the third straight day, all major cryptocurrencies, including Bitcoin, Ethereum, and Solana, extended their gains as the situation finally picked up pace. Although it has maintained slightly above $21,000 over the previous 24 hours, bitcoin has been quite stable and calm. The king coin has been overshadowed by altcoins, with ETH, SHIB, AVAX, and …

Bitcoin price analysis is bearish today as we have seen another slow retest of the previous high at $21,500. Since a break higher did not follow, we expect BTC/USD to reverse and look to retest the downside later in the weekend.

The veteran trader who nailed Bitcoin's 2018 bear market collapse says Bitcoin (BTC) serves a wholly different purpose than what's advertised. Peter Brandt tells his 663,000 followers that even though he's a long-term BTC bull, he believes Bitcoin is purely a speculative play rather than an investment due to the number of crashes it's seen The post Trader Who Called Bitcoin 2018 Collapse Warns BTC an ‘Outstanding' Speculative Asset That Could Be Usurped appeared first on The Daily Hodl.

ETH moved into the $1,200 region to start the weekend, as prices rose for a third consecutive session. Bullish sentiment has been missing from crypto markets in recent months, however the timely return also saw BTC near its highest point this week. Bitcoin Bitcoin entered the weekend trading in the green, as bulls extended their

With rising energy costs and cryptocurrency prices declining, bitcoin miners are finding it difficult to remain profitable, putting several significant businesses in danger of going out of business. As mining profitability declines, bitcoin miners, a majority chunk of the token's owners—are expected to sell more of their holdings. According to Bitinfo data, the average mining …