Why are Bitcoin Miners Capitulating? – Blockchain News, Opinion, TV and Jobs

Why are Bitcoin Miners Capitulating? – Blockchain News, Opinion, TV and Jobs

Blockchain
August 30, 2022 by secret
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[ad_1] By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin yet again failed to sustain its rally over $30,000 yesterday, as it was harshly rejected by the key $31,500 level. This level is critical to overcome for Bitcoin to rally towards $35,000. Some on-chain metrics suggest that the bottom may not be in sight