Crypto Whales’ Activity Hits Yearly Low Amid Bitcoin-Led Recovery


18 Sep 2023 1:32 PM

Bitcoin price gained about 3 percent in the past 24 hours to trade above $27.3k on Monday, raising hope for an altcoin recovery. On-chain intelligence...

  • Bitcoin price has increased by 3% in the past 24 hours, reaching above $27.3k, giving hope for an altcoin recovery.
  • Crypto whale activity is at a yearly low, indicating a wait-and-see scenario.
  • The cryptocurrency market is starting the week positively, with high-impact news expected on Wednesday, Thursday, and Friday, including interest rate data releases from the United States Fed and the Bank of England.
  • Despite potential recession signals, investors are gaining confidence in the Bitcoin-led industry due to low inflation and deflationary effects.

The sentiment of the article is generally positive, highlighting the increase in Bitcoin price and the potential for market recovery.

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