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2021-03-01

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In Bitcoin's Path Back To $50,000, Institutional Investors, Whales Battle Miners

As Bitcoin trudges back on the path to $50,000, whales are battling the other dominant players — min

In Bitcoin's Path Back To $50,000, Institutional Investors, Whales Battle Miners

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BTC hit a 24-hour high of $46,576.97, according to CoinMarketCap data.</p>\n<p><b>Why It Matters:</b>Earlier, Kiurgedhis followers on social media not to blame mining pool owners as the outflows came from affiliated miners, who have participated in the mining pool at least once.</p>\n<p>The analyst’s Twitter posts spurred a robust debate with some people observing that miners have the power in the current power equation, while others alluding to collusion between whales and miners.</p>\n<p><img src=\"https://static.tigerbbs.com/d4b880ad8879f03a740a72724652e246\" tg-width=\"580\" tg-height=\"805\">Bitcoin has fallen 24% in the past seven days leading up to Sunday, making it the worst week for the cryptocurrency since March 2020.</p>\n<p>The cryptocurrency is up nearly 60% year-to-date at press time, buoyed by institutional interest, including from&nbsp;<b>Tesla Inc.</b>,&nbsp;<b>MicroStrategy Inc.</b>,&nbsp;<b>Square Inc.</b>, and&nbsp;<b>PayPal Holdings Inc.</b>.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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BTC hit a 24-hour high of $46,576.97, according to CoinMarketCap data.\nWhy It Matters:Earlier, Kiurgedhis followers on social media not to blame mining pool owners as the outflows came from affiliated miners, who have participated in the mining pool at least once.\nThe analyst’s Twitter posts spurred a robust debate with some people observing that miners have the power in the current power equation, while others alluding to collusion between whales and miners.\nBitcoin has fallen 24% in the past seven days leading up to Sunday, making it the worst week for the cryptocurrency since March 2020.\nThe cryptocurrency is up nearly 60% year-to-date at press time, buoyed by institutional interest, including from Tesla Inc., MicroStrategy Inc., Square Inc., and PayPal Holdings Inc..","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}