Bitcoin’s climb to 10-week high driven by institutional interest, whale accumulation
According to CryptoQuant, a combination of strong institutional demand, increased whale activity, and favorable seasonal factors has created a bullish environment.
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According to CryptoQuant, a combination of strong institutional demand, increased whale activity, and favorable seasonal factors has created a bullish environment.
Assad Jafri 3 min read
Despite the large-scale shift, the funds have not been linked to any crypto exchanges, indicating that Tesla may not be liquidating its Bitcoin at this time.
Hougan said Bitcoin's latest rally following Harris' comments shows that even the slightest hint of regulatory clarity will spur investor optimism.
Despite last week's woes, the market showed resilience, pushing Bitcoin to break critical resistance levels.
The FOMC minutes published on Oct. 9 effectively confirmed a 50 basis point cut in interest rates this year, but Bitcoin failed to mirror the rally in equities.
Bitwise CIO Matt Hougan explained that Bitcoin could hit new highs if democratic sweep is avoided in the upcoming elections.
Bitcoin reenters lower trading channel for first time since mid September as traders liquidated.
The SEC's decision to appeal follows a mixed ruling impacting Ripple's programmatic and institutional XRP sales, with CEO Brad Garlinghouse criticizing the move as wasteful.
Crypto long positions endure cascading liquidations for the past 24 hours as Iran launches an air strike against Israel.