Latest Market Overview 30th Aug: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
The Bitcoin market struggle to stay above the $60,000 mark is causing altcoin prices to slip towards their recent lows. The key question now is what will it take to shift the market momentum? Over the past few days, Bitcoin has remained within the lower range of $55,724 to $73,777. Instead of panicking, large-scale investors, including whales and sharks, have taken advantage of this situation to accumulate more Bitcoin. Sentiment, a market intelligence platform, noted that in the past month, wallets holding between 10 to 10,000 BTC have collectively acquired an additional 133,300 coins, while smaller traders have been offloading their holdings in frustration. Another encouraging sign for bullish investors is the continued decline in Bitcoin stored on exchanges. Data from CryptoQuant reveals that Bitcoin reserves on exchanges have dropped by 12.9% since the beginning of the year, indicating a strong long-term bullish sentiment among investors. Crypto market data...