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    MarketForces Africa » MarketForces News » Bitcoin Price Tops $75.3K after BTC Miners Q1 Selloffs

    Bitcoin Price Tops $75.3K after BTC Miners Q1 Selloffs

    Julius AlagbeBy Julius AlagbeApril 17, 2026 News No Comments2 Mins Read
    Bitcoin Price Tops $75.3K after BTC Miners Q1 Selloffs
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    Bitcoin Price Tops $75.3K after BTC Miners Q1 Selloffs

    Bitcoin (BTC) price topped $75.3k on Friday as easing geopolitical tensions continue to boost buying momentum in the cryptocurrency market.

    BTC trading volume increased 2% to $36.38 billion, led by buy-side actors, pushing the market cap of the world’s largest digital asset to $1.5 trillion.

    Multiple reports show that public Bitcoin miners sold over 32,000 BTC in Q1 2026, setting an all-time quarterly record and already exceeding their net sales in 2025.

    That figure also surpasses the roughly 20,000 BTC miners sold in Q2 2022 during the Terra Luna crash, according to data compiled by TheEnergyMag and summarised by outlets like Yahoo Finance and Cointelegraph.

    The sellers include large listed operators such as Marathon, CleanSpark, Riot Platforms, Cango, Core Scientific, and Bitdeer, which together unloaded more than 32,000 BTC in Q1 2026.

    This reverses 2024, when the same group was a net accumulator, adding over 17,000 BTC to treasuries and pushing combined holdings above 100,000 BTC.

    The selling is mainly about squeezed margins, not a collective macro bet against Bitcoin. Reports note that some miners are using BTC sales to retire debt or fund pivots into high performance computing and AI infrastructure, while others sell simply to keep the lights on. XRP Price Rises on Japanese E-commerce Rakuten Pay Integration

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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