Miner revenue shot back up at the end of May and early June after a previous downward slope. This spike confirmed a bit of a sentiment change but the miner reserves have slipped slightly from June highs.
Source: CryptoQuant
While Bitcoin miner flows are maintaining healthy levels compared to the last few months, miner flows have shrunk. Both miner inflows and outflows were at a monthly low. Nevertheless, it was worth noting that miner outflows were slightly higher than inflows at press time.So far, we can conclude that miner flows are low enough to not have an impact at current levels.
since June. In other words, the current miner data suggests that miners are leaning more towards the side of hodling.Perhaps the above findings are because of the recent accumulation that we have seen in Bitcoin’s case. Especially from institutions. As such, we have seen a drop in the amount of BTC on exchanges. Glassnode data recently revealed that Bitcoin balances on exchanges have now dropped to 5-year lows.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'A sharp rebalancing of demand-supply conditions:' RBC says GTA housing market lost steam in JuneThere was a “sharp rebalancing of demand-supply conditions” in Toronto’s real estate market last month as the Bank of Canada’s recent decision to resume its rate hiking cycle pushed some buyers to the sidelines, a new report from RBC suggests.
Read more »
Bitcoin bulls take aim at $31,000 as cryptos trend higher ahead of June CPIBitcoin’s price trended higher on Monday afternoon and briefly climbed above $31,000 as crypto investors grow bullish ahead of June’s CPI report from the Federal Reserve.
Read more »
Why Dogecoin will continue its downtrend after late-June rallyDogecoin saw a large bounce on the price chart late in June but it was not enough to fend off the sellers who entered the market as it hit the $0.07 mark.
Read more »
'A sharp rebalancing of demand-supply conditions': RBC says GTA housing market lost steam in JuneThere was a 'sharp rebalancing of demand-supply conditions' in Toronto’s real estate market last month as the Bank of Canada’s recent decision to resume its rate hiking cycle pushed some buyers to the sidelines, a new report from RBC suggests.
Read more »
Cineplex box office revenues in June near pre-COVID levels ahead of Barbie, Oppenheimer releasesFor the second quarter, box office revenues were around 87% of the same period in 2019, and combined revenues were 92% of those four years ago
Read more »
Johnny Cash and June Carter immortalized in London, Ont., the site of their engagementA mural marking the moment music icon Johnny Cash proposed to June Carter is nearly complete in London. Painted on a Dundas Street wall of Budweiser Gardens, it interprets a famed photo. The photo was taken at the London Gardens on Feb. 22, 1968.
Read more »