BTC’s Sell-off Increases, Is It Something to Be Worried About?

BTC’s Sell-off Increases, Is It Something to Be Worried About?
  • BTC’s sell-off on Binance has reached the second-highest mark.
  • The miner-to-exchange transaction rate is also at its peak.

Bitcoin’s (BTC) price surge below $20K seems to have a negative impact on certain investors. The moment of BTC’s sell-off on Binance has reached the second highest mark. And the volume is expected to increase for some more time.

Recent incidents report the decline in market cap as well as in the price too. The miner-to-exchange transaction rate is also at its peak. This process specifies the transfer of coins from mining pools to exchange wallets. 

BTC Price Chart (Source: CMC)

At the time of writing, the price of BTC is at $ 19,248 and the trading volume is $ 34.68 B. In the last 24 hrs, the price traveled in the $18 K range but moved to $19 K by the day’s end. Though as per the variables, the Bitcoin is in the buy zone, the attitudes of the investors are different. 

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