Why this Bitfinex Bitcoin whale isn’t convinced of the crypto market’s 70% recoveryBTC $6754 (+0.7%) • ETH $138 (+1.3%) • XRP $0.18 (+8.7%)
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Since the $3,800 bottom, Bitcoin has done surprisingly well, rallying as high as $7,100 just this weekend to register an 87 percent recovery. Altcoins followed suit, posting similar gains to the crypto market’s leader. Despite this convincing bounce, which has been cemented by days of accumulation in the mid-$6,000s, above the key supports in the low-$6,000s, a prominent cryptocurrency trader is not convinced that Bitcoin is ready to head much higher. Here’s why. More news ⏬Bitcoin difficulty dropping isn’t all that positive as many claim, as seen in Dec 2018
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Four months after the high-profile acquisition of Indian crypto exchange WazirX by Binance, BitMEX invested in a $3 million funding round for another local cryptocurrency exchange in India called CoinDCX. What else?♥️ Binance to raise $5 million to help with the global pandemic 🦠 Venture capitalist: 2020’s coronavirus crisis will only prove the value of Bitcoin and crypto Featured event
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Why this Bitfinex Bitcoin whale isn’t convinced of the crypto market’s 70% recovery