HOW SALES FROM MINERS AFFECTED BITCOIN

HOW SALES FROM MINERS AFFECTED BITCOIN

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BTC.com the Bitcoin mining difficulty adjustment is set to take place in about 30 hours, according to data from.

Initially, Bitcoin's mining challenge is estimated to have increased by about 12%. Now, the challenge is about to fix more than 14%.

In simple terms, it will be 14% harder for miners to do bitcoin mining overnight, which will lead to rising costs for BTC mining every day, which can result in higher sales levels than miners.

As Bitcoin investor Willy Woo said earlier, miners explain one of the unique sources of sales pressure in the Bitcoin market:

“There are only two unique sales pressures on the market. (1) miners who dilute supply and sell it to the market, this money is hidden tax through inflation. And (2) exchanges that tax traders and sell to the market. ”

With Bitcoin falling below $ 9,000, additional sales pressure from miners could increase the likelihood of a correction in the near term.



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