Bitcoin Whales Rapidly Buying, Retail Demand At A 3-Year Low

Quick Summary:

Bitcoin is stable when writing, in an uptrend, and technically around all-time highs, looking at how prices have evolved over the past five years.

Despite the recent contraction forcing the world’s most valuable coin to spot rates, exciting trends are developing, pointing to confidence, especially among whales.

If this is the case, there will be a network effect, and every other country will want to follow the United States in holding BTC.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: HungaryUnited States

Topics: Spot Bitcoin ETFs BTCUSDT Donald Trump Bitcoin trading Bitcoin price Bitcoin News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-20 @ 05:30:47 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21690559

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 12 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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