Mining Operators Fret As Bitcoin Looses Ground, What Lies Ahead For The Mining Community

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Thu, Juni 30, 2022 1:00 PM

Mining Operators Fret As Bitcoin Looses Ground, What Lies Ahead For The Mining Community

Bitcoin and other altcoins have suffered massive losses since May. But after a point, things started changing a bit. For example, bitcoin that fell to $17K on June 18 recovered to trade between $20K and $21K from June 19 to June 28 when it traded above $21K in the early hours of the day.

Unfortunately, the crypto could not sustain the recovery above $21K and lost more than $500 some hours later. The change in Bitcoin price resulted from mixed reactions in the market concerning regulators’ stance on crypto.

According to Gary Gensler, the SEC boss, regulators place Bitcoin and other tokens under commodities. Gensler mentioned that a spot Bitcoin ETF might not be the best for the financial market. So, the commission will not approve any application filed to launch a spot BTC ETF.

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The Securities and Exchange Commission boss made all these assertions when a media firm interviewed him. After the interview, many Bitcoin holders started selling off again, causing a fall in Bitcoin ixabiso.

During the market crash and price plunge, many investors wondered whether to sell off or buy more to increase their portfolio. However, according to Glassnode data recently, some Bitcoin holders believe this market crash is the right time to buy more BTC. The firm disclosed the data over the weekend on Twitter, revealing that more than 100 whale addresses are buying more Bitcoin eli xesha.

Idatha ibonise ukuba le minenga ibamba ezi ngqekembe ngesaphulelo ngenxa yoloyiko olukhoyo kwimarike. Kwakhona, i-Glassnode iqaphele ukuba imeko yangoku inokuhlala ixesha elide. Esinye isalathisi esibonisa umdla ekuthengeni ngakumbi phakathi kweminenga yimali ye-BTC kwiipaji ezininzi.

Kwaye iidilesi ezazivela kwi-10BTC ukuya kwi-10,000BTC zongeze iingqekembe ezininzi kwiiveki ezimbini. Emva koko ezo zipaji zingaphezulu kwe-10,000BTC zikhulile ukususela kwinyanga yesibini ye-2022.

Ubusika be-crypto ye-2022 nabo bachaphazela abavukuzi kakhulu. Bazama ukwenza inzuzo ekungakhange kube lula ngenxa yorhwebo lweebhere.

Many miners have given up their equipment to reduce pressure. An analysis by strategists has shown that miners in the public sectors are responsible for 20% of miners’ sales between May & June. They also indicated that it might be the same for the private sector miners.

Kodwa ke, abasebenzi basezimayini bayasokola ukuhlawula iimali-mboleko ezizibhiliyoni ezi-4 zeerandi ezibanjelwe zizixhobo zabo zemigodi. Ngokwengxelo, abavukuzi abaninzi baye basilela kwisivumelwano semali-mboleko, ngelixa abanye bebonisa ubuthathaka.

Ufundo olunxulumeneyo | Imirhumo ye-Ethereum ichukumisa iNyanga eziphantsi njengeMiqulu yeNtengiselwano iPlummet

Isizathu kukuba imarike yeebhere iye yawa phantsi ixabiso lemigodi yemigodi esetyenziswa njengesibambiso. Ngenxa yoko, imali-mboleko iyanda njengoko isibambiso esixabisa ngoku asisahambelani nesixa semali-mboleko.

Umthombo wo kuqala: IindabaBTC