Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Tariff Shadows Loom! Miners Frenziedly Sell Off Bitcoin, While Listed Companies Defy the Trend and Boldly Increase Holdings!

Source Tradingkey

TradingKey - Tariffs are changing the flow of cryptocurrency. Miners are selling Bitcoin like crazy, while public companies are buying in large amounts.

On April 16, Bitcoin(BTC) dropped over 2% again. This was due to stalled trade negotiations between the US and Europe. Since April 2, Bitcoin has seen several peaks followed by declines, facing strong short-selling pressure.

Bitcoin price trend chart, source: TradingView.

According to a report from CryptoQuant, Bitcoin miners accelerated their sales last week. On April 7 alone, they sold 15,000 Bitcoins. This marked the third largest single-day sale this year. The outlook for trade talks between the US and several countries remains bleak. Japan and Europe could retaliate at any time, leading to further tariff increases.

Due to tariff uncertainty and rising mining costs, miners have no choice but to sell Bitcoin. This trend may continue. In contrast, several public companies, like Metaplanet and Semler Scientific, are raising funds to buy more Bitcoin. Semler Scientific has applied to the SEC to issue $500 million in securities. Metaplanet announced it will issue $10 million in zero-interest bonds.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Natural Gas sinks to pivotal level as China’s demand slumps Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It

Author FXStreet

Jul 01, 2024

Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It

What Crypto Whales are Buying For May 2025 Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).

Author Beincrypto

Apr 21, Mon

Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).

Ethereum (ETH) Underperforms All Top 5 Major Cryptos in Brutal 2025 Downtrend Despite signs of improving momentum, with RSI climbing and EMA lines hinting at a potential breakout, ETH continues to lag behind competitors like Solana in multiple metrics.

Author Beincrypto

Apr 23, Wed

Despite signs of improving momentum, with RSI climbing and EMA lines hinting at a potential breakout, ETH continues to lag behind competitors like Solana in multiple metrics.

Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in May Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.

Author Beincrypto

May 07, Wed

Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.

Ethereum Price Ready to Surge—$2,000 Level Could Be Within Reach Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.

Author NewsBTC

May 08, Thu

Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.

Popular Symbols