Bitcoin Price Holds at $23K, Miners Continue to Capitulate and Sell BTC

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Bitcoin and Ethereum prices continue to trade sideways this weekend after establishing support at the $23k and $1,700 levels, respectively. The global cryptocurrency market cap remains unchanged at the $1.1 trillion level, as we see 24-hour trading volume for BTCUSD drop by 10%, while ETHUSD’s trading volume saw an increase of 4%. The markets will likely remain flat this weekend as traders await the market’s move next week. Key Points: The cryptocurrency market remains flat as Bitcoin price holds above $23k. One of Bitcoin’s largest miners, Core Scientific, sold more Bitcoins than it mined in July. BTC is likely to

The post Bitcoin Price Holds at $23K, Miners Continue to Capitulate and Sell BTC appeared first on The Merkle News.

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