A Whale May Have Caused the BTC Dump After Moving 25k BTC, But it May Benefit the Market in the Long Run

The crypto-market has had the best performance of months, reaching yearly highs. However, a drop of more than $1000 shook not only the BTC market but a good part of the altcoins.

Before the dump, Bitcoin managed to stay above 8000 USD. This price zone acted as an important support, demonstrating that under normal conditions, the bullish trend was clearly dominant; however, after breaking this zone, BTC fell to around 7500 dollars, wiping out almost 13 Bn USD out of its marketcap and over 25 Bn USD of the altcoin market.

Original source

Add comment

Please Sign in to be able to leave comments.