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Here’s how Bitcoin miners are really dealing with market pressure

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ambcrypto.com

The first week of June saw the start of a sell-off phase in the cryptocurrency market, with most cryptocurrencies seeing a 4-year low.

The deteriorating market conditions have also harmed the profitability of Bitcoin mining, prompting miners to sell their BTC holdings.According to recent statistics from Arcane Research, public Bitcoin mining companies sold all of their production of BTC in May as opposed to the typical 20–40% in April.

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