Miners amass $820 million in Bitcoin amid market crisis. Will the downward trend continue? Learn more about the reasons behind the Bitcoin price drop and price predictions.
Despite downward market pressures due to factors such as inflation concerns, rising bond yields, institutional changes, and the risk of Bitcoin (BTC) dropping below $80,000, miners have collected around $820 million worth of Bitcoin in the past two weeks. The decline in Bitcoin price to $82,000 follows inflation concerns. On Monday, March 9, Bitcoin dropped to $82,220, marking a 15% decrease from last week’s peak of $95,000. This drop was mainly due to concerns arising from inflation and rising unemployment rates in the US.
