Bitcoin miners ‘next trigger’ for BTC price crash as outflows hit multi-month highs
Miners face an impossible situation if prices stay this low, which could result in a sell-off accompanied by a BTC price macro low.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Miners face an impossible situation if prices stay this low, which could result in a sell-off accompanied by a BTC price macro low.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin Price Rebounds Again, Peter Schiff Repeats His Crash Warnings
Bitcoin price has once again challenged Peter Schiff’s latest crash warning, after the longtime crypto critic predicted BTC would...
Bitcoin ETF Week Stays Positive After Nearly $774 Million In Late Outflows
TL;DR: Farside’s preliminary figures show US Bitcoin funds retaining a $301.2 million weekly inflow despite two days of withdrawal...
Ripple connects XRP Ledger to a £22 billion investment giant while chasing the next wave of corporate money
Ripple expanded its institutional reach Monday as Aviva added another tokenized fund share class to the XRP Ledger (XRPL). The Bri...
Bitcoin Price Hovers Near $80,000 as Traders Await Fed Decision
Bitcoin Magazine Bitcoin Price Hovers Near $80,000 as Traders Await Fed Decision Bitcoin price traded near $80,000 on Monday, afte...
Strategy’s Weekly STRC Buyback Climbs to $205 Million While Its Bitcoin Stack Stays Put
Strategy spent $204.9 million repurchasing 2,068,459 shares of its STRC preferred stock between Oct. 19 and Oct. 25 and bought no...
Coinbase users face issues converting BRL to trade crypto
Coinbase's recurring BRL conversion issues may undermine user trust and hinder its growth in Brazil's burgeoning crypto market. Th...