Cointime

Download App
iOS & Android

Bitcoin Miner Reserve Increasing Despite Stagnant Prices Below $30,000

Bitcoin prices have remained stagnant below the $30,000 mark, with the coin technically under pressure after declining from its peak in early July. However, on-chain data from CryptoQuant shows that the Bitcoin miner reserve has been increasing, indicating optimism among miners. The BTC miner reserve currently stands at 1.841 million, up from 1.826 million in May. While Bitcoin miner reserve trends are important for traders, other factors such as regulation and energy consumption could also impact prices in the future.

Comments

All Comments

Recommended for you