Summary
- Bitcoin (BTC) miners reportedly sold 115% of their April mining output.
- This is the highest selling ratio since the latter part of the 2022 bear market.
- Bitcoin is trading at $108,129.74 on Binance, up 1.51% from the previous day.
According to cryptocurrency specialist media CoinDesk on the 21st (local time), Bitcoin (BTC) miners sold 115% of their April mining output.
This is the highest ratio since the latter part of the 2022 bear market. Riot Platforms mined 463 BTC but sold 475 BTC. Meanwhile, Cipher Mining also mined 174 BTC and sold 350 BTC.
Meanwhile, BTC is trading at $108,129.74, up 1.51% from the previous day, based on the Binance Tether (USDT) market as of 04:38 on the 22nd.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
