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CoinOtag 2024-06-15 09:47:01

Bitcoin Miners Spark Market Sell-Off Amid Rising Production Costs

The cryptocurrency market has been facing intense selling pressure, resulting in significant drops for major altcoins below their critical support levels. Despite the increasing accumulation of Bitcoin within Spot ETFs, the consistent selling pressure suggests mass liquidation by several holders. “While Bitcoin accumulation signals long-term confidence, the persistent selling off underscores ongoing market volatility,” analysts

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