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