CryptoQuant Identifies the Three Key Factors Behind Recent Crypto Market Downturn

According to CryptoQuant, a South Korea-based on-chain data/analytics provider, three key factors are behind the recent cryptocurrency market declines, as outlined in their analysis published on June 18, 2024. CryptoQuant identifies the first reason as miner capitulation, stating that miner revenues have dropped by 55%, forcing miners to sell more Bitcoin to cover costs. The

Source: CryptoGlobe