Bitcoin Miners Are Now Busy Accumulating After Selling the Inventory Earlier This Year

Bitcoin mining stocks enjoy far greater returns than the cryptocurrency itself, 2.5% for every 1% move in BTC, becoming a “high beta play” on bitcoin. The post Bitcoin Miners Are Now Busy Accumulating After Selling the Inventory Earlier This Year first appeared on BitcoinExchangeGuide.

278 +

Institutions Grab $800 Million in Bitcoin, While Miners Stop Dumping BTC and Start Accumulating

Data recently shared by Glassnode and CryptoQuant aggregators says that whales have purchased a mammoth amount of Bitcoin and miners have stopped cashing out their BTC

171 +

Bitcoin Miners Stop Selling

179 +

Data shows miners are “accumulating” as Bitcoin falls to $44,000

Bitcoin markets saw a drastic correction over the last week which carried over to the weekend. The post Data shows miners are “accumulating” as Bitcoin falls to $44,000 appeared first on CryptoSlate.

133 +

BTC Miners Are Now Accumulating, not Selling

Miners Stop Supplying According to data from cryptocurrency analytics firm Glassnode, Bitcoin (BTC)miners stopped selling their mining rewards overall last week, in favor of accumulation. The Miner Net Position Change (MNP) data show the difference between miner rewards and miner sales turned positive for the first time since Dec 27.

388 +

Institutions and miners accumulating through Bitcoin chop; whales uncertain

Bitcoin in, and Bitcoin out: major players are deploying different strategies as BTC consolidates well under $58,400 highs.

160 +

Miners Begin Accumulating Bitcoin Instead of Dumping, First Time Since Dec 27: Glassnode

Glassnode has stated that miners have finally started accumulating Bitcoin instead of dumping coins on the market, pushing the indicator positive first time since Dec 27

182 +

Bitcoin Miners Busy Accumulating BTC; Revenue from Fees Surges 2300% This Year

BTC miner outflow is nowhere near the previous tops, it is actually even below the 2019 local top. The post Bitcoin Miners Busy Accumulating BTC; Revenue from Fees Surges 2300% This Year first appeared on BitcoinExchangeGuide.

244 +

Miners’ Influence Over Bitcoin Price Drops Alarmingly – What’s Next?

The price point of Bitcoin is influenced by different fundamental factors and miners’ effect on the price of Bitcoin has begun to slowly diminish, according to new research. Coinmetrics, the on-chain analytics website behind the research observed that despite miners accumulating additional thousands in their annual Bitcoin earnings, their level of control and influence on […]

160 +

Ethereum Miners Accumulating While Active Addresses that Coincides with a ‘Strong Price Rally’ on an Uptrend

Unlike Bitcoin, Ethereum has really made substantial gains in 2020, up 75% YTD compared to BTC’s 25%. Even after the March sell-off, Ether has been on an incline, rising 10. 52% against BTC the past month.

174 +

Miners & Retail Investors Accumulating Ethereum While Network is Buzzing with Heightened Activity

Both top cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) have recovered most of their losses after the mid-March crash. Before the crash, ETH’s market cap peaked at $31. 25 billion, and on June 1st, it went to $27.

244 +

Grayscale is Buying Up All Minted Bitcoin Since Halving

Grayscale Investments’ Bitcoin purchases have doubled since May 11th, the fund accumulating more than miners can generate in a day. Grayscale Investments is currently buying up to 1,112 bitcoins every day, researcher Kevin Rooke has revealed in a new post on the fund’s seeming increasing appetite for the crypto asset.

400 +

Miners Accumulating Ethereum at a Rapid Rate May Take ETH to Record High

The Ethereum  (ETH) price could explode to record highs on the backs of an optimistic accumulation behavior. Data provided by cryptocurrency market analysts at Santiment shows that miners are now holding more ETH rewards than they did three months back.

191 +

Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs

Over the last few weeks, cryptocurrency markets have been on a tear accumulating considerable gains following the notorious ‘crypto winter. ’ Since the recent price hike this spring, mining digital assets with next-generation miners has allowed participants to secure significant gains and even older mining devices are turning a profit.

194 +

Bitcoin SV Miners Accumulating a Gross Loss of US $2.2 Million Since November 2018

Currently, Bitcoin SV is under of threat of getting delisted from the biggest cryptocurrency exchange Binance and further potential of similar delisting on all of the exchanges as the crypto community comes together in support of Hodlonaut, a Bitcoiner who launched Lightning Torch and is now being attacked by Bitcoin SV supporter Craig Wright for […]

239 +

Hash Wars: Battle Comes to an End as BSV Plans to Add Replay Protection

It’s been less than two weeks since the Bitcoin Cash (BCH) hard fork and blockchain split that occurred on Nov. 15. Since then there’s been a lot of discussion concerning the hash war, with BSV and BCH miners acquiring blocks, gathering hashrate and accumulating proof of work.

222 +

Trouble on the Horizon? What Last Weekend’s Ruckus Means for Bitmain’s IPO

Over the weekend, information surfaced that could suggest that mining giant Bitmain may be facing an uphill battle as it looks to launch an IPO on the Hong Kong stock exchange.

533 +