Bitcoin Price Decline Caused by Hodlers’ Unprecedented $30 Billion Sell-Off: Research


When the bitcoin price declined from nearly $20,000 in Dec. 2017 to below $6,000 during the first quarter of 2018, many observers blamed new investors whose shaky hands had never endured a true bear market. However, new research from blockchain analytics firm Chainalysis suggests that it was long-term investors, hands calloused from years of hodling

The post Bitcoin Price Decline Caused by Hodlers’ Unprecedented $30 Billion Sell-Off: Research appeared first on CCN

Posted by Josiah Wilmoth on June 11, 2018 @ https://www.ccn.com/bitcoin-price-decline-caused-by-hodlers-unprecedented-30-billion-sell-off-research/

Comments are closed.