Bitcoin Miners Drove Price Volatility In 2018 Bear Market, Says New Data

Bitcoin Miners Drove Price Volatility In 2018 Bear Market, Says New Data

Bitcoin miners are behind spikes in price volatility which saw the largest cryptocurrency hit $3100 in 2018, new data suggests. In fresh analysis uploaded to social media on October 11, on-chain intelligence resource Token Analyst revealed miners selling coins directly influenced the Bitcoin price. Specifically, large sell-offs coincided with BTC/USD dropping to $3100 late last year.