.GoldmanSachs says June was a record month for bitcoin miners’ inventory sales, as miners took advantage of the cryptocurrency’s strong performance. willcanny99 reports.
has resulted in investors’ preference to stake ether, instead of passively holding on exchanges,” the report said.
Goldman noted that June was a record month for bitcoin miners’ inventory sales as miners took advantage of the cryptocurrency’s strong performance. Total monthly BTC inflows from miners to exchanges almost doubled from May to $99 million, it said. The bitcoin price rose almost 12%, TradingView data show., monthly address activity for bitcoin and ether saw a rebound, gaining 15.5% and 37.5% respectively, the report added. Average daily ether burnt fell by 65.
Last month also saw an increase in new on-chain activity, with the daily average new address count for bitcoin and ether increasing by 9.8% and 48.2% compared with a month earlier, the note said.
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