Bitcoin miners sell during the downturn, what does this mean? – CryptoSlate

The global crypto market cap is $ with a 24-hour volume of $.

Between January 2021 and mid-April 2021, Bitcoin rallied hard to hit a new all-time high of $65,000.

Rather than definitive confirmation of miner pessimism, Will Foxley, a director at Compass Mining, said the move is simply a cautionary reaction to the macro environment.

Meanwhile, Bitcoin broke its weekly downtrend of nine consecutive weekly closes in the red.

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