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BTC short-term holders take this route through bear market
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Bitcoin [BTC], the largest cryptocurrency continues to showcase vital signs of life after suffering a major fall. The king coin came close to reclaiming the $23,000 level on 18 July, soaring to as high as $22.9k.
This uptick indeed helped to improve or rather inject some positivity into the market sentiment.
The minor bounce saw Bitcoin prices gain 4% on the day to reach $22,127 at press time. Needless to say, dominant buyers took this opportunity to showcase their strengths or rather ‘unity’ towards the king of cryptocurrencies.
BTC saw its largest spike in large whale transactions in a month just after price topped the said mark.
Source: Santiment
Santiment highlighted this move in a 19 July tweet that read,
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
Bitcoin network activity decline suggests longer bear market: Glassnode cointelegraph.com /2 years ago
Bitcoin bulls defend $23K amid warning bear market rally 'alive and well' cointelegraph.com /2 years ago
Croatian retail giant sees rise in crypto payments despite the bear market cointelegraph.com /2 years ago
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