Krutika Adani
Despite strong attempts, Bitcoin fails to achieve a new ATH thrice in a row.
Bitcoin’s price has been clamped down by a strong resistance at $73.7k.
Report by 10x Research notes that despite a bullish undertone, markets have been hesitant in buying which was shown by low stablecoin holdings and a slightly lower stablecoin minting rate.
There was a marketwide decline in wallets that held over $10m in stablecoins.
Miners Also Keeping Prices Down
Earlier 10x Research also mentioned the role of miner sales in keeping BTC prices down.