Ethereum’s Loss Making Address Jumps Despite Post-Halving Correction: What’s Next For ETH Price?

Following the successful Bitcoin Halving this Friday, the blockchain reached a milestone of 840,000 blocks, while the halving event itself cut the mining reward to 3.125 Bitcoin per block. Despite predictions from several analysts of a potential price drop due to selling pressure from miners, the price of Bitcoin actually soared, approaching $66K. In addition, Ethereum's price has also been rallying, supported by numerous positive on-chain metrics. Nevertheless, the increasing number of loss-making Ethereum addresses could pose a concern for potential selling pressure on the altcoin.

https://blockchainreporter.net/ethereums-loss-making-address-jumps-despite-post-halving-correction-whats-next-for-eth-price/

1 thought on “Ethereum’s Loss Making Address Jumps Despite Post-Halving Correction: What’s Next For ETH Price?”

Comments are closed.