Bitcoin price has remained under intense pressure in the past few weeks as demand for the coin continues to wane. The BTC/USD pair was trading at 65,000 on Thursday morning, down from this month’s high of nearly 72,000. Lack of new money Bitcoin has plunged for several reasons. First, there are signs that miners have started to capitulate and have been selling some of their Bitcoin holdings. This is a sign that these companies anticipate Bitcoin will start retreating. It could also be a sign that they are moving to cash to buy more mining machines after April’s halving event. Second, there are signs that there is ... (full story)