Bitcoin has been facing a downward trend in June, with a recent sell-off pushing its price down to the $62,300 range. This selling pressure is largely attributed to crypto mining companies selling off Bitcoin as their revenues have taken a hit. In the aftermath of the reward halving in April, cryptocurrency miners experienced a 50%
Selling
In a recent post, Ripple CTO David Schwartz shared insights into his personal crypto holding and selling strategies, revealing a trend among early Bitcoin investors. According to Schwartz, during his time holding Bitcoin, he would sell when necessary, whether it be to pay taxes or make purchases like a new computer. This behavior, as highlighted
Bitcoin miners have been actively selling their holdings following the halving effect, based on on-chain data. This continuous selling pressure is not showing any signs of abating, and it is feared that there may soon be very little Bitcoin left to be sold in the market. The halving event, which halves the block reward for
The secondary market continues to show lighter trading and steady yields as the last deals of size were priced, and muni mutual funds experienced small inflows. The muni-to-UST ratios have remained mostly stable, with various ratios showing a consistent percentage relative to U.S. Treasuries. Experts note that munis have recovered well compared to USTs in
Bitcoin, the original cryptocurrency, has long been associated with high volatility. However, a recent report by Kaiko Research suggests that its volatility is on the decline as the market matures. Last week, Bitcoin experienced fluctuations in prices, ranging from $66,000 to nearly $70,000 in a single day. By the end of the week, the flagship
Despite the ongoing selling pressures in the Ethereum market, there is a significant trend emerging among prominent investors. These investors, often referred to as whales due to their large holdings, are taking advantage of the current downturn to accumulate ETH in anticipation of the next bull market phase. Recent data revealed by on-chain analyst Ali
The real estate market is currently experiencing a surge in new listings from home sellers. According to Zillow’s latest market report, new listings have increased by 13% compared to a year ago. However, despite this influx of properties on the market, homes are taking longer to sell. The number of homes available for sale has
The recent capitulation of Bitcoin miners has taken many in the cryptocurrency market by surprise. This phenomenon, characterized by a visible decline in the hashrate of the network, signals that some miners are either shutting down their operations or scaling back on their mining activities. This shift is significant because it affects the processing power
As bitcoin continues to grapple with the $70,000 level, signs of miner capitulation are beginning to surface. CryptoQuant data reveals that the flow of bitcoin leaving miners’ wallets for exchanges hit a two-month high recently, signaling a significant selling event. This trend was further emphasized by the largest daily volume of miner selling through over-the-counter
In the current market environment, where expected interest rate cuts from the Federal Reserve are looming, consumer finance companies are facing a critical decision when it comes to adjusting their rates. Despite the general anticipation of rate reductions, Sallie Mae, a prominent player in the finance industry, has taken a different approach by raising its