@BOMBERuss 4 August 2022 more from that month

By the end of July, the value of #bitcoin (BTC) soared by almost 17%, but in August the coin was again in the correction phase. On Thursday, the BTC rate retreated to $22,876. The #capitalization of the cryptocurrency decreased by 2.25% per day to $437.079 billion. Despite the fact that #BTC is being adjusted, many experts believe that the market is at the bottom. Bitcoin reached fundamental values in June when it fell to $17,500. At the same time, the surrender of the miners took place, who dropped the lion's share of the accumulated cryptocurrency to maintain efficiency. In July, miners returned to the accumulative strategy and sharply reduced bitcoin sales. According to CryptoQuant, by July 29, there were 1,865,272 coins on mining pool wallets. Approximately the same situation was observed in the summer of 2020, the researchers note. In June, on average, miners transferred 927 bitcoins per day to exchange wallets for sale, and now this volume has fallen to 359, which has led to a weakening of pressure on the #cryptocurrency. However, the activity of miners remains weak so far, as the market is stagnating again. According to Blockchain.com , the BTC #hashrate on August 3 fell to 201.4 EH/s – this is the minimum value since July 27.