The pressure on bitcoin intensified after a jump above $23,000. Miners changed tactics and resumed the implementation of the cryptocurrency, CryptoQuant said in a report. If at the end of last year, mining pools mainly accumulated BTC and refused to send coins to exchanges, then in early January they again began to transfer cryptocurrency to trading platforms. The MPI index increased from -0.85 to +3.25 in three weeks, which indicates an increase in the reserves of miners on exchanges. Analysts concluded that mining pools sell bitcoins on the Coinbase and Binance platforms, as well as on OTC platforms. The Bitcoin
At the heart of Bitcoin’s design is a unique process known as mining. Bitcoin mining isn’t digging deep into the earth but a digital endeavour that validates and logs transactions on a digital ledger termed the ‘blockchain.’ Picture a vast network of computers racing to solve a cryptographic puzzle. When…