Whales hold steady: On-exchange Bitcoin supply stagnates despite rally past $11kBTC $10,978 (+1.4%) • ETH $319 (-0.8%) • XRP $0.232 (+4%)
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. More news ⏬Ethereum Foundation releases testnet staking tool as ETH2 draws close
Just two weeks ago, there were uncertainties about whether or not Ethereum 2 (a.k.a. Thanks to our premium sponsors⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. XRP needs to rally over 1,500% to reach its all-time high of $3.50
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Bitcoin has been subjected to some immense volatility throughout the past few days that ultimately allowed it to set fresh yearly highs earlier today. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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terça-feira, 28 de julho de 2020
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Whales hold steady: On-exchange Bitcoin supply stagnates despite rally past $11k