Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

According to Glassnode, the total bitcoin balance held by miners has retreated to December 2021 levels. Core Scientific (CORZ), an IT service management company, revealed Tuesday it sold over 7,000 bitcoin in June to raise funds for payments and investments. The tokens sold for an average price of $23,000 and raised about $167 million.

Originally Posted on: https://www.coindesk.com/markets/2022/07/05/market-wrap-crypto-markets-gain-momentum-after-dipping-early-in-tuesday-trading/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Jimmy He

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