Cryptocurrency News

‘Builders rejoice’: Experts on why bear markets are good for Bitcoin

06/16/2022

Less than a minute

2022.06.16 15:40

‘Builders rejoice’: Experts on why bear markets are good for Bitcoin

The crisis has triggered a wave of panic in the community, with the Bitcoin miners’ selling activity surging to seven-month highs as the BTC mining profitability has dropped to October 2020 levels.

Bitcoin’s Fear and Greed Index fell posted the lowest records since pre-pandemic times in Q3 2019, dropping to seven and indicating “Extreme Fear” on June 15.

06/16/2022

Less than a minute

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