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Market
Will Bitcoin miners increase selling activity by end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available data on Bitcoin miner activity and selling trends from sources like Glassnode or CryptoQuant
Story
Bitcoin Reclaims $71,000, Less Than 5% From New All-Time High
Jun 4, 2024, 04:58 PM
Bitcoin has reclaimed the $71,000 mark, marking a significant milestone for the cryptocurrency. This surge comes as Bitcoin miners show no urgency to sell, anticipating further price increases over the next 12 months. The cryptocurrency is now less than a 5% increase away from reaching a new all-time high. The recent price movement has sparked discussions within the crypto community about Bitcoin's future trajectory and its role as a unit of account. Bitcoin had previously reached $70,000 before this latest surge.
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Similar markets
Yes • 50%
No • 50%
Revenue from block rewards • 50%
Revenue from fees • 50%
Highly profitable • 33%
Marginally profitable • 33%
Not profitable • 34%
Transaction Fees • 50%
Block Rewards • 50%
Increase by 10% or more • 34%
Increase by less than 10% • 33%
Decrease • 33%
