Bitcoin Miner Selling Intensifies, BTC Reserves Fall To 3-Year Lows
Submitted by Anonymous (not verified) on Thu, 06/06/2024 - 21:10Bitcoin miners’ reserves have seen a steady decline over th
Bitcoin miners’ reserves have seen a steady decline over th
U.S.
Seventeen of the twenty assets in the CoinDesk 20 Index (CD20) booked gains, underscoring the uptrend in the broader crypto market.
Cloud computing provider CoreWeave made an offer to buy the bitcoin miner for $5.75 per share, according to Bloomberg.

On-chain data shows the Bitcoin mining hashrate has sharply rebounded from its post-Halving lows and has achieved a new all-time high (ATH).
Bitfarms' shares were up nearly 6% at $2.13 as of 14:00 UTC following Riot's announcement.
On-chain data shows the Bitcoin Puell Multiple has dipped into the “undervalued” territory for the first time in more than a year.
On-chain data suggests the Bitcoin “Miner Price” metric has fallen under the BTC Electrical Cost. Here’s what happened next the last few times.

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