Top Crypto Gainers Today on DEXScreener – KRAZY, KOCHI, LLD
On a day of red for major cryptocurrencies, which struggled amid a strengthening US dollar and amid concerns about elevated post-halving sell pressure from Bitcoin miners, traders turned to the highly illiquid and volatile on-chain markets as they hunted for top crypto gainers today.
Bitcoin (BTC) slid below its 50DMA and to new one-month lows on Friday in the $65,000s.
Bears have been in control since BTC failed to break above $70,000 earlier this week following soft US CPI data.
Hawkish interest rate guidance from the Fed plus concerns about elevated miner sales have dampened the mood.
#Bitcoin miners are under pressure and they've begun selling.
Let's explore the recent uptick in mining pool transfers, the surge in OTC desk sales, and why even major publicly traded mining companies are reducing their holdings.
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