Crypto News

Miner Wallet Withdrawals Plunge Post-Halving As the halving of Bitcoin (BTC) and other major crypto tickers took place earlier this month, many investors were anticipating a significant impact on the market. However, data from Crypto Quant shows a reassuring trend in miner wallet withdrawals. Bullish Sign for BTC and Altcoins The decline in miner wallet withdrawals is seen as a bullish sign for BTC and other cryptocurrencies . This indicates that miners are holding onto their crypto assets instead of selling them immediately, which could have put downward pressure on prices. This can also be seen as a vote of confidence in the long-term potential of Bitcoin and other cryptocurrencies . Less Sell Pressure in the Market The decrease in miner withdrawals also means there is less sell pressure in the market. This could lead to a potential supply shortage, which could drive up prices for BTC and other cryptocurrencies . With the current economic climate and uncertainty su...