Bitcoin and XRP See Surge in Whale Activity Amid Market Fluctuations

December 13, 2023
Bitcoin and XRP See Surge in Whale Activity Amid Market Fluctuations
  • Increased whale activity is observed in Bitcoin and XRP markets, with large transactions reshuffling a total of 84 million XRP.

  • Despite price fall, optimism remains about XRP's future.

  • Bitcoin Cash shows bullish divergence leading to whale accumulation in anticipation of Bitcoin ETF approval, with resistance at $253 identified for full recovery.

  • Ethereum whale strategically engaging in swaps and liquidity moves potentially profiting from market dynamics.

  • Surge in whale activity in Bitcoin market with large transactions to exchanges like Binance and Coinbase, but no evidence yet of these transactions affecting Bitcoin's price.

  • Analyst Ali Martinez identifies key support and resistance levels for Bitcoin, with support expected between $37,150 and $38,360 and resistance at $43,850 and $46,400.

  • Bitcoin is currently trading at $41,380 with a 1% decline in the last 24 hours and a market capitalization of around $809 billion.

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