Bitcoin Miners Spark Second Capitulation Of 2020. How Long Will It Last?

[rasangaya]

Bitcoin Miners Spark Second Capitulation Of 2020. How Long Will It Last?





Bitcoin fell almost 10% during this last week, betokening the beginning of the second mining capitulation so far this year (the first was in March during the black Thursday) and the third in the last nine months, according to data provided by market researcher and digital asset manager Charles Edwards.

Bitcoin experienced its worst week since the last massive slump in prices when all markets were plunged into a bloodbath, causing multi-million dollar losses to many investors in not only the world of crypto-currency but also in the traditional markets.

According to Charles Edwards, this capitulation will be almost identical to the one that occurred in previous Halvings during 2012 and 2016 “all within 21 days of the Halving”.

Check here: Visit