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    Diksha D Jadhav in Crypto News

    19-Dec-2022 12:56 PM


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    'Wave lower' for all markets? 5 things to know in Bitcoin this week

    This week, the markets have been trending lower across all sectors, with Bitcoin being no exception. In this article, we take a look at five things to know in Bitcoin this week.

    First, the price of Bitcoin has seen a slight decline over the past week. On Tuesday, the price of Bitcoin was down by around 4%, with a current market cap of $139.7 billion. This is the lowest the price of Bitcoin has been since early March.

    Second, Bitcoin miners have been selling more Bitcoin than they have been buying. This could be a sign of a bearish market, as miners are typically buyers of large amounts of Bitcoin.

    Third, the number of active Bitcoin wallets has dropped by 4.7% over the past week. This is a sign that fewer people are using Bitcoin compared to last week.

    Fourth, the number of Bitcoin transactions per day has also dropped. This could be another sign that fewer people are using Bitcoin compared to last week.

    Finally, the hash rate of Bitcoin has dropped by 3.2% over the past week. This is a sign that the miners are losing interest in Bitcoin.
    Source: Cointelegraph