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Here’s Who Has Been Driving The Bitcoin Price Recovery Above $65,000 Newsbtc 27 вер 2024

Here’s Who Has Been Driving The Bitcoin Price Recovery Above $65,000 🚀

Bitcoin is now trading above $65,000 for the first time in two months, overcoming the $63,000 resistance level. This 23% increase from a September low of $53,400 has made many holders profitable.

Santiment attributes this price rise to increased activity from whales and sharks. These large holders have been steadily accumulating Bitcoin over the past six months, adding $4.08 billion worth of BTC and bringing their collective holdings to 16.19 million.

This accumulation trend intensified after the Fed's interest rate cut in mid-September, reflecting renewed confidence among Bitcoin investors. Institutional investors have also resumed investments, contributing $365.7 million in net inflows over the past 24 hours.

Bitcoin's open interest has increased to $35.90 billion, up 3.53% across multiple exchanges. This increased interest from traders could further propel Bitcoin's price upward.

The next target for Bitcoin's price is to break the July high of $70,162, potentially opening the door to new all-time highs in October.

Джерело: www.newsbtc.com ↗

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Bitcoin (BTC) Surges to $65,499 Amidst High Trading Volume and Major Liquidations Coinotag 26 вер 2024
Bitcoin (BTC) Surges to $65,499 Amidst High Trading Volume and Major Liquidations
Bitcoin Surpasses $65K: Possibilities Sparked by Recent ETF Inflows and Market Trends Coinotag 2 тижні тому
Bitcoin Surpasses $65K: Possibilities Sparked by Recent ETF Inflows and Market Trends
Bitcoin’s Recent Surge Suggests Potential Upward Momentum Amid Eased Selling Pressure and Institutional Interest Coinotag 2 тижні тому
Bitcoin’s Recent Surge Suggests Potential Upward Momentum Amid Eased Selling Pressure and Institutional Interest
Bitcoin Price Surpasses $66,000 for the First Time Since July 2024! Coinotag 27 вер 2024
Bitcoin Price Surpasses $66,000 for the First Time Since July 2024!
Bitcoin Approaches New All-Time High as Price Peaks at $73,562: What’s Next for Investors? Coinotag 6 днів тому
Bitcoin Approaches New All-Time High as Price Peaks at $73,562: What’s Next for Investors?
Bitcoin Nears Previous High as Price Hits $68,400: A 7.86% Surge from $73,777 Coinotag 2 тижні тому
Bitcoin Nears Previous High as Price Hits $68,400: A 7.86% Surge from $73,777
Bitcoin Surges Past $73,000: Key Catalysts and Upcoming Economic Indicators to Watch Coinotag 5 днів тому
Bitcoin Surges Past $73,000: Key Catalysts and Upcoming Economic Indicators to Watch
Bitcoin (BTC) Surges Past $65K – Analysts Predict Rapid Climb to $70K Amid Favorable Market Conditions Coinotag 27 вер 2024
Bitcoin (BTC) Surges Past $65K – Analysts Predict Rapid Climb to $70K Amid Favorable Market Conditions
Exploring the Factors Behind Bitcoin’s Recent Price Surge Past $66,000: Insights from Analysts Coinotag 2 тижні тому
Exploring the Factors Behind Bitcoin’s Recent Price Surge Past $66,000: Insights from Analysts
Bitcoin Price Surges to $65,000 for the First Time Since August 2 Coinotag 26 вер 2024
Bitcoin Price Surges to $65,000 for the First Time Since August 2
Bitcoin Price Surges Toward Record Highs: Retail Investor Interest Poised for a Comeback Coinotag 5 днів тому
Bitcoin Price Surges Toward Record Highs: Retail Investor Interest Poised for a Comeback