CandleFocus Addresses holding over $1m in Bitcoin increased by 2k in 5 days
2024-10-07
Author: Content Editor
The number of large Bitcoin holders has decreased as geopolitical tensions in the Middle East have cooled down. However, these whale addresses started to rise again as the situation eased. The broader crypto market also experienced gains, with the global cryptocurrency market cap surpassing $2.3 trillion. Bitcoin gained 1.8% in the past 24 hours and is trading at around $63,150. There were significant liquidations in the market, which could potentially lead to a price correction. The release of the U.S. Consumer Price Index report for September 2024 could impact the market, with the possibility of another rate cut by the U.S. Federal Reserve.
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