Bitcoin Gear Up for $80k Rally Amid Miners Recovery and Whale Buying
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Bitcoin experienced a 4.4% price drop this week, falling from $68,460 to $65,450. The decline is attributed to BTC distribution to creditors by the bankrupted crypto exchange Mt. Gox. Despite this, the broader trend remains bullish.
Miners are showing signs of recovery, and significant 'whale' investors are buying up Bitcoin, contributing to ongoing positive momentum and the anticipation of an $80,000 rally.
These factors support the overall bullish sentiment in the market, as Bitcoin continues to recover and gain traction even in the face of temporary setbacks.
Source: coingape.com ↗
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