This Contributed to the Rise in Bitcoin: They Reduced the Pressure

Bitcoin approached 46 thousand dollars this morning as the selling pressure in the market decreased.

According to data from Blockchain analysis platform CryptoQuant, the leading Bitcoin miners in the USA have recently increase sales pressure they had started.

The amount of Bitcoins in the wallet of Marathon Digital, one of the world’s largest miners, has decreased regularly over the past few months.

According to CryptoQuant’s report this week, miners, in November and December 2023 Selling pressure following the activity to reduce started. “The amount miners sell daily will increase in November-December 2023 when above 800 so far this year below 300 “It happened.” It was said.

“Selling pressure from Bitcoin miners, daily transaction fees increased in December down 90% from record levels However, it has remained low since the beginning of this year. “This strong decrease in transaction fees is linked to the decrease in activity on the network along with the decrease in BRC-20 transactions.”

According to CryptoQuant data, the number of daily transactions on the Bitcoin network increased in December Record with 731 thousand broke but today 278 thousand declined.

The article titled “This Contributed to the Rise in Bitcoin: They Reduced the Pressure” was prepared by Selim Kuşçu and published on koinbulteni.com.

source site-9