$1.6 Billion Bitcoin Movement Sparks Volatility Alert; Whale Activity Stirs Market
March 24, 2024A notable surge in dormant Bitcoin tokens being traded suggests impending price volatility.
Significant activity by 'whales' is evident with over $1.6 billion worth of Bitcoin moving to accumulation addresses.
Analysts anticipate further Bitcoin price fluctuations with established support and resistance levels.
Predictions indicate long-term Bitcoin holders may transfer coins to exchanges, potentially impacting the price negatively.
Bitcoin's price stands at $64,636 with a market capitalization of $1.26 trillion despite a recent 2.4% drop.
The broader crypto market is in a downturn, with WLD's price dropping by nearly 10% in the last week.
Investors are advised to research thoroughly as emerging opportunities like Kaspa and BlockDAG present in the volatile market.
Summary based on 6 sources
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Sources
AMBCrypto • Mar 23, 2024
Bitcoin price crash alert: Analyst predicts ETF-driven plunge, time to sell?U.Today • Mar 24, 2024
Dormant BTC Wallets Making Historic Moves; Will This Impact Bitcoin Price?NewsBTC • Mar 24, 2024
Bitcoin Addresses Add $1.6 Billion In BTC In A Single Day – Price Recovery Soon?