Bitcoin Gear Up for $80k Rally Amid Miners Recovery and Whale Buying

WikiBit 2024-07-25 05:03

The pioneer cryptocurrency Bitcoin witnessed a shy slowdown in bullish momentum this week resulting

The pioneer cryptocurrency Bitcoin witnessed a shy slowdown in bullish momentum this week resulting in a price drop from $68460 to $65450. Other than an occasional market pullback, this 4.4% drop can be attributed to BTC distribution to creditors by bankrupted crypto exchange Mt. Gox. However, the broader trend remains bullish as Bitcoin continues to witness significant inflow from Spot ETFs and Miners managed to rebound from the capitulation trend. Is a new high coming in August？

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