Bitcoin's price experienced a 0.34% increase during Sunday’s trading session, maintaining its position above the critical $60,000 psychological level.
This bullish momentum is largely attributed to significant whale and institutional accumulation.
Market analysts are also anticipating a 0.5% interest rate cut in the upcoming September FOMC meeting, which further fuels this upward trend.
On-chain data from tracker Spotonchain substantiates the ongoing whale accumulation, raising prospects for Bitcoin to potentially reach new all-time highs (ATH).
