Positive mood: conditions for BTC-mining are improving

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Elena Klimovich

17:13 16/08/2022

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Positive mood: conditions for BTC-mining are improving

Rising BTC cost over $24000 became the base for miners’ positive mood. According to the research information, published by Glassnode, the conditions of BTC-mining are improving all over the world. Testing by digital gold the $25000 level was especially pleasant for the crypto community. Positive market conjuncture led to the situation when miners sold about 4700 BTC in the beginning of August.

Talking about the mood it is impossible not to mention the stress factor when the BTC cost fell down by $20000 and lower. It even touched the complexity level which began to decline too. The process is continuing for 3 month but today we can see the tendency for increasing.

Miners’ income began to rise from the July minimum. The market analysis demonstrates the intersection of median value BTC cost in 30 and 60 days. It is considered a positive sign for investment in digital assets.

Indicators show that miners will reduce selling BTC and this together with rising demand will create the positive conjunkture on the market. One of the drivers for BTC-increase became the launch of cryptosphere oriented project by BlackRock, the fund that manages assets by $8,68 trillions.


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