{"id":11462,"date":"2024-02-08T22:42:17","date_gmt":"2024-02-08T22:42:17","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11462"},"modified":"2024-02-08T22:44:17","modified_gmt":"2024-02-08T22:44:17","slug":"bitcoin-surpasses-45000-whats-driving-the-surge","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-surpasses-45000-whats-driving-the-surge\/","title":{"rendered":"Bitcoin Surpasses $45,000! What&#8217;s Driving the Surge?"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:233\"><strong>Bitcoin price has surged above $45,000 in the last 24 hours.<\/strong> The rise is attributed to a decrease in BTC sales by miners. According to on-chain analysis, major Bitcoin mining companies in the US are increasing their BTC holdings.<\/p>\n<p data-sourcepos=\"5:1-5:387\"><strong>According to data from CryptoQuant, there has been a significant decline in miner sales since November 2023.<\/strong> Additionally, Marathon Digital, one of the large<a href=\"https:\/\/coinengineer.net\/blog\/allegedly-they-are-doing-crypto-mining-at-school\/\" target=\"_blank\" rel=\"noopener\"> mining<\/a> companies, has been gradually increasing its BTC holdings. However, despite this, the number of transactions on Bitcoin has fallen from 731,000 to 278,000 per day. This represents the lowest level in the last 3 months.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"tv5Urd7zpB\"><p><a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-recovers\/\">Bitcoin Recovers!<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Bitcoin Recovers!&#8221; &#8212; Coin Engineer\" src=\"https:\/\/coinengineer.net\/blog\/bitcoin-recovers\/embed\/#?secret=q6jOa64YSB#?secret=tv5Urd7zpB\" data-secret=\"tv5Urd7zpB\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p data-sourcepos=\"7:1-7:130\">Bitcoin&#8217;s rise led to a $114 million liquidation. This means that a significant amount of leveraged positions were liquidated.<\/p>\n<hr \/>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube\u00a0<\/strong><\/a>and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price has surged above $45,000 in the last 24 hours. The rise is attributed to a decrease in BTC sales by miners. According to on-chain analysis, major Bitcoin mining companies in the US are increasing their BTC holdings. According to data from CryptoQuant, there has been a significant decline in miner sales since November<\/p>\n","protected":false},"author":1,"featured_media":11463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,60,3939,3880,3774],"class_list":["post-11462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-btc","tag-cryptoquant","tag-marathon-digital","tag-on-chain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Surpasses $45,000! 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