Bitcoin's Price Decline Has Been Exacerbated By Miners Selling Reserves Ahead Of Halving

Bitcoin's price has pulled back below the $43,000 mark, as the digital asset faces downside pressure from miners selling their reserves on the market. "Much of the recent price falls in bitcoin, particularly following the approval of spot bitcoin ETFs by the SEC, can be attributed to selling by bitcoin miners, who used the run up in BTC/USD as a catalyst to exit, or leverage, their positions," Bitfinex analysts said in a report on Tuesday.

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Read the full story at The Block.