Whales hold steady: On-exchange Bitcoin supply stagnates despite rally past $11k
BTC $10,978 (+1.4%) • ETH $319 (-0.8%) • XRP $0.232 (+4%)
|CryptoSlate||Jul 28|| 2|
The investor sentiment surrounding Bitcoin has been completely altered by the price action seen throughout the past few days.
Since the start of May, the benchmark digital asset had been caught within a consolidation phase between $9,000 and $10,000 for an extended period. This range eventually narrowed to between $9,100 and $9,300.
Last week, however, bulls were able to shatter this range, catalyzing a movement that would eventually lead BTC as high as $11,400.
Despite recent uptrends being met with heavy selling pressure from so-called Bitcoin “whales,” this latest uptrend differs from those seen previously.
On-chain data reveals that these large investors aren’t selling their crypto just yet, which may be an indicator that this rally has further room to extend.
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Just two weeks ago, there were uncertainties about whether or not Ethereum 2 (a.k.a.
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After months of stagnation, crypto bulls are back.
Cardano (ADA) saw its price dive today alongside most other altcoins.
The DeFi market got its first unicorn this week; if the total value locked (TVL) in assets on a platform is considered.
Charles Hoskinson, the CEO of IOHK, discussed in detail what the next month will have in store for Cardano (ADA).
Due to its extremely strong price performance over recent months, Chainlink (LINK) has naturally drawn quite a bit of attention to itself from all corners of the cryptocurrency industry.
Bitcoin has been subjected to some immense volatility throughout the past few days that ultimately allowed it to set fresh yearly highs earlier today.
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