Miners Sold Fewer Bitcoins Last Month

The current week started with the strengthening of Bitcoin. BTC, for the first time since the end of September, has started to trade above $20,000. In a day, the BTC price has increased by 4% to $20,092.

On the other hand, altcoins were also able to partially win back losses. Ether rose to more than $1,300, whereas Cardano and Solana jumped to $0.43 and $34.5 respectively.

Over the past few weeks we have seen the creation of the Conditions for a rebound in Bitcoin and other digital currencies: the growth of the US stock market last Tuesday turned out to be a “trigger” that exacerbated volatility.

According to CryptoQuant analysts, most miners refrained from selling cryptocurrencies in September. After the August reset, they switched to keeping them in their balance sheet.