Bitcoin Price Today: Short Term Whales Could Pause BTC Bounce
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Bitcoin experienced a significant 15% surge on Thursday, the largest single-day increase since February. Prior to this uptick, the cryptocurrency faced heavy selling pressure driven by uncertainty regarding high interest rates, fears of a US recession, and rising geopolitical tensions in Europe and West Asia.
Despite the recent rise in Bitcoin's price, the rally may face challenges from short-term whales. These entities, who hold large amounts of BTC, have the potential to sell their holdings, which could pause the upward momentum of the asset.
The article was originally published on CoinGape and highlights the potential impact of these short-term whales on Bitcoin's price rally.
Source: coingape.com ↗
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