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Here’s how Bitcoin miners are really dealing with market pressure
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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.
Read more on ambcrypto.comAbout this in other media
Bitcoin miners sold their entire May harvest: report cointelegraph.com /4 days ago
Here’s Bitcoin miners’ plan to survive the crypto-crisis (to make ends meet) ambcrypto.com /6 days ago
Why the crypto market crash may play in Bitcoin's favour cointelegraph.com /6 days ago
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