Source: CryptoSlate ↗
Bitcoin miner burns through millions in BTC to buy compute, but new coins are not returning to treasury
Translation unavailable. Please try again.
What the source reports
Cloud customers accounted for about 74% of August’s production increase, while company holdings recovered only part of July’s decline.The postBitcoin miner burns through millions in BTC to buy compute, but new coins are not returning to treasuryappeared first onCryptoSlate.
Read the original report on CryptoSlate ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Bitcoin falls below $68,000 as ETF outflows extend to seventh straight day
Bitcoin Price Analysis: Where Is the Bottom as BTC’s Correction Accelerates?
Bitcoin’s correction has sped up over the past week and is now dropping almost vertically. It currently trades around $65K after cutting through several support levels. The latest drop pushed BTC below its daily ascending channel and the key $70K support zone, which leaves deeper demand areas exposed. Meanwhile, the Adjusted SOPR metric indicates that […]
Bitcoin’s Crash Isn’t Over Yet? Analysts See More Downside Toward $60K
Bitcoin's collapse has accelerated dramatically over the past several days, but the rebound might not be coming soon.