Bitcoin's Test of All-Time Highs Means Old Miners Are Cashing | • CRYPTO NEWS • #BTC • #ETH •
Bitcoin's Test of All-Time Highs Means Old Miners Are Cashing Out
Early miners are sending their old block rewards to exchanges, contributing to selling pressure as bitcoin retreats from testing all-time highs. Bitcoin's rapid price ascent during the last month, which culminated in a new all-time high and quick reversal on Tuesday, has meant that some early miners have started selling their old block rewards – putting pressure on bitcoin's price.
