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

A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s Plunge According […] - Bitcoin News - https://ift.tt/ZTvo4Op