Analysts: Miners are reluctant to sell bitcoin and stablecoin demand increases or indicates that bitcoin prices are approaching a bottom
2024-05-01 21:47:56
Cryptocurrency analyst Marcel Pechman said in a post that there are some signs that the price of Bitcoin is near the bottom, and the attitude of Bitcoin miners is stable. Despite the decrease in hash rate, miners are still reluctant to sell, suggesting that the decline in Bitcoin price may be nearing an end. The increase in demand for stablecoins, the increase in demand for stablecoins shows optimism about cryptocurrencies, which may boost the price of Bitcoin. The Federal Reserve meeting notes were released, in line with expectations, and the uncertainty in the market decreased.
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