With the Bitcoin halving behind us, we are now starting to see the first effects of the reduced mining rewards on Bitcoin miners. According to Glassnode, a blockchain data and intelligence provider miners have stopped selling their generated Bitcoin. In fact, miner outflow is at it’s lowest level ever. Disclaimer: This article is not financial advice. The views represented by the author are his own and crypto-news.net is not responsible for any losses (or gains) as a result of the information shared in this article. Chart showing the sale of Bitcoin from miners compared to historical average. Source: Glassnode This is pretty good news for the rest of the Bitcoin community. Weak hands in both trading and mining are setup to get eliminated. Miners that are struggling to keep afloat have most...

Bitcoin recently experienced a significant drop in value when over the course of this last week. Its value dropped from a stable $9,000 to $5,000 in a matter of days. At the same time, on the stock market, many companies and indexes also lost value. Most notably, the S&P 500 index, whose loses flipped a stock market circuit breaker, pausing all trading of the asset for 15 minutes. Following the events, many people started producing stories about how BTC is connected to the stock market’s price movements and it’s not this noncorrelated asset that should behave like gold. Well, Bitcoin is neither following the stock market, nor it is gold. What it is, is simple. It’s Bitcoin. The level of utility that Bitcoin has is as limited as money, but the way one owns Bitcoin is similar to stocks a...