Glassnode: Miners are selling BTC for $ 50,000 more or what caused the Bitcoin price to drop last week

09月
13
2021-9-13 09:12
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According to data from blockchain analytics firm Glassnode, according to Golden Financial, while the value of BTC has hovered around $ 50,000 in recent weeks, some miners are trying to sell some of their bitcoin for a profit. There are 2,900 BTC. At a cost of $ 50,000 per Bitcoin, this equates to $ 145 million. Critics show that selling Bitcoin will be about getting fiat currency to pay for transaction costs, and some will be taken to expansion centers, buy miners, or buy new ASIC miners. Bitcoin prices fell after this week's sell off, which at the time of writing was down 10.7% in 7 days to $ 46,121.68.

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$ 2.6 billion worth of altcoins could vanish as South Korea's cryptocurrency market heals
According to the Financial Times on September 13, Kim Hyung-joong, director of Korea University's Cryptocurrency Research Center, said 42 "Kimchi coins" worth $ 2.6 billion could be lost due to the reform of the Korean cryptocurrency market. (Altcoin) was the first exchange in KRW because it was only a small exchange in Korea. Non-Bitcoin digital assets represent around 90% of South Korea's cryptocurrency market. Jo Yeon-haeng, Head of Consumer Financial Services, said, “Delays in trading and consolidating assets in many small exchanges could have serious repercussions on the economy of traders. The FSC has set September 24 as the deadline for registering exchanges as legitimate businesses. Almost 40 of the 60 home-based cryptocurrency companies will be closed. (Financial hour)
2021-9-13 08:59

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