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Bitcoin Whales Spotted Buying $3.3 Billion BTC as Prices Hit 30-Day Low

From fxempire.com

Bitcoin price tumbled toward $64,000 on June 18, it’s lowest in over 30 days, but on-chain data shows that BTC largest whale cohorts spent billions of dollars buying the dip. Here’s what to expect as the week unfolds. Bitcoin price retests $64,000 as bears take charge: On Tuesday June 18, 2024, Bitcoin price tumbled as low as $65,047, sparking ripples of intense volatility across the crypto market. The price dip can be attributed to bearish retail traders reacting to the US Fed’s decision not to cut interest rate in H1 2024, as widely-anticipated by market analysts earlier in the year. More so, with the S&P 500, DOW ... (full story)

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  • Category: Fundamental Analysis