Analyst Says Bitcoin Miners and Speculators Are Responsible for BTC’s Recent Drop Below $60,000

A combination of speculators constantly opening new long positions and miners dumping bitcoin to pay for hardware upgrades sent the top cryptocurrency falling to $58,000, according to an onchain analyst. The analyst expects top crypto assets to rebound once the ongoing “culling of vulnerable miners” is complete. Speculators contribute to Bitcoin’s decline according to… […]