Bitcoin Miners' Holdings Hit 1.8M BTC, Seven-Week Low on May 9

GateNews
BTC0.11%

According to CryptoQuant, bitcoin miners’ holdings fell to 1,802,116 BTC (approximately $214.6 billion) on May 9, marking a seven-week low. The decline of 1,061 BTC from a week earlier reflects miners selling, lending, or pledging their mined bitcoin. Bitcoin’s hash rate 7-day moving average increased to 957.02 exahashes per second, up 2.77 exahashes from the previous week, indicating rising mining demand.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments