Citing Bitjie, Marathon Digital Holdings transferred 644 BTC worth approximately $58.7 million to FalconX and Coinbase Prime, continuing its Bitcoin transfer trend in November as the hash price index hit a historical low of $38. CEO Fred Thiel attributed Bitcoin's recent drop below $90,000 to a 'perfect storm' of the Fed's hawkish stance and profit-taking, with $866 million in outflows from spot Bitcoin ETFs on November 13 alone.
Marathon Digital Transfers $58.7M in Bitcoin Amid Deteriorating Mining Economics
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.