Crypto miners are hoarding bitcoin amid recent rally, creating ‘supply shocks’ that help boost prices further, Kraken says | Currency News | Financial and Business News

Bitcoin. Sean Gladwell

  • Crypto miners hanging onto their bitcoin are creating “supply shocks,” Kraken said in a blog Thursday.
  • The supply shocks are helping to boost bitcoin prices even further.
  • The trend indicates bitcoin’s bull run may have farther to go, Kraken said.

Crypto miners are stockpiling bitcoin, driving a supply shock and setting the world’s most popular cryptocurrency up for further gains.

In a report from Kraken, the crypto exchange said that…


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