Bitcoin miners are holding steady despite price fluctuations, mixed investor sentiment

From Cointelegraph: 2024-06-22 01:16:39

Bitcoin miners are not “full-scale bear market level capitulating,” according to a crypto analyst. This statement comes as Bitcoin struggles to reach $40,000, hashrate drops, and short-term holders sell. The network’s hashrate dropped by almost 50% from its all-time high, and the price has fluctuated between $30,000 and $40,000. Investors are divided on the short-term outlook for cryptocurrency.

Read more at Cointelegraph: Bitcoin miners are treading water, but no alarms of a ‘total firesale’