Bitcoin Miner Selling Ahead of Halving Is Capping Prices: Bitfinex

The increased selling happens as the next Bitcoin halving, a quadrennial event when the reward to miners for securing the Bitcoin blockchain is cut by half, is due in April. The halving will have an immense impact on miners’ profitability, potentially pushing smaller, less efficient operations out of business or being forced to merge with larger companies to survive, the report explained.

Source link

Leave a Comment