Bitcoin and the rest of the crypto market have recovered, wiping out most of the losses incurred during the recent correction.
While this might concern novice traders, the blockchain intelligence platform said that, historically, such declines have coincided with moments of FUD in the market. During these periods, small BTC wallets capitulate while larger addresses accumulate more. Taking into account these past occurrences, during similar drops in active wallets, Bitcoin has demonstrated significant price surges.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TOP-20 Cryptocurrency and Bitcoin (BTC) Wallets in 2020Here’s a guide to crypto wallets you should read first to find your ‘perfect match’ for a Bitcoin (BTC) and crypto wallet
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin’s New ‘Millionaire’ Wallets Lag Despite BTC’s All-Time High: ResearchCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »
466,000 BTC Bought at Key Bitcoin Demand Zone; Will This Halt Decline?Bitcoin fell as much as 10% to lows of $62,428 in Tuesday's trading
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin Miners’ Reserves Plummet to April 2021 Lows Amid Profit-Taking and BTC Price DeclineCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »
306,676 BTC Support Might Halt Bitcoin’s Decline to $60,000, Here's HowSubstantial volume of 306,676 BTC transactions at key Bitcoin support
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin (BTC), Bitcoin Cash (BCH) Set for Epic Countdowns to Halving EventBitcoin's hard fork, Bitcoin Cash, also gearing up for its halving event, albeit earlier than Bitcoin halving event
Source: Utoday_en - 🏆 295. / 63 Read more »