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Are Bitcoin miners the reason why your BTC holdings fell?

  • Bitcoin was down by more than 5% in the last 24 hours. 
  • Market indicators hinted at a continued price decline. 

Bitcoin [BTC] continued to witness price corrections, as its value had dropped below the $66K mark at press time.

Though there were several factors at play, miners’ behavior might have impacted the king of cryptos’ price more negatively than investors realized.

Bitcoin miners are selling

BTC turned bearish in the recent past as its value dropped by over 5% in the last seven days. In the last 24 hours alone, BTC’s price witnessed yet another 5% correction.

According to CoinMarketCap, at the time of writing, BTC was trading at $64,953.22, with a market capitalization of over $1.2 trillion.

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