Crypto markets tumble after miners unload 5,000 BTC in one week

Cointelegraph

Published Jun 08, 2021 02:01AM ET

Updated Jun 08, 2021 04:00AM ET

The crypto markets are against dropping, with Bitcoin crashing below $33,000 for the first time since May 23 as Ethereum similarly broke below support at $2,500.

The downward momentum comes as bearish indicators continue to stack up for Bitcoin, with popular analyst William Clemente III identifying that miners sold more than 5,000 BTC over the past week — worth roughly $164 million at current prices.

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