The post Has Bitcoin Risen From Its Corrective Phase? Here’s What You Need to Know Before Jumping-In appeared first on Coinpedia Fintech News
Bitcoin price is coiling up! The crypto markets are witnessing a sigh of relief as the bulls seem to have gained back their dominance. Besides, a couple of positive stories are also fueling the optimism around the tokens, which had turned into fear during the past weekend. Meanwhile, fresh rounds of transfers of around 3,100 BTC from the address linked to the German government to Kraken and BitStamp have emerged.
This was assumed to create another round of fear within the markets, but Bitcoin managed to absorb all the sales strongly as the demand for the token was growing significantly. Moreover, the whales also appear to have utilised the opportunity of accumulating at a lower price as the spot BTC ETF volume again soared above 294 million.
With this, it is assumed that the BTC price has accomplished its correction and, hence, m
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