Bitcoin

<ul><li>Samson Mow asserts that the Bitcoin market is resilient, effectively absorbing large-scale sales and showing strong demand.</li><li>The German government transferred 24,304 BTC worth $1.44 billion since June 19, but still holds 28,988 BTC valued at $1.66 billion.</li><li>Bitcoin whales, particularly on Bitfinex, are buying during dips, supporting market stability, says Mow.</li></ul>The Bitcoin market is currently experiencing significant activity due to large-scale sales by notable entities such as the German government and the defunct Mt. Gox exchange. Despite these massive transactions, demand for Bitcoin remains robust, reflecting a resilient market. Samson Mow, CEO of Jan3 and former CSO at Blockstream, has reiterated his bullish stance on Bitcoin, noting that the market is effectively absorbing the high volume of Bitcoin sales.Mow believes that the demand for Bitcoin remains strong and the market is absorbing all the Bitcoin sales at the moment. He <a href="https://x.com/Excellion/status/1810554846891880680?t&#61;pTw1EkZiG0yPP8dlDGMA3w&amp;s&#61;19" rel="noopener noreferrer nofollow">tweeted</a> “The market is absorbing all Bitcoin sales nicely. Demand is strong.” <a href="https://cryptotale.org/bitcoin-poised-for-breakout-as-spot-ethereum-etf-launch-approaches/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Is the Bitcoin Market Resilient? Does It Absorb Large-Scale Sales?

CryptoTale

Inne artykuły opublikowane 10 lip 2024

SKALE Pacifica V3 Upgrade: Increases Transaction Throughput by 122% and Accelerates Block Mining ...

Bybit Heats Up Beach, Please Festival with Exclusive Onsite Upgrades and Early Access for 2025

Uniswap Labs Challenges SEC Over Expanded Exchange Definition Post-Supreme Court Ruling

AVAX struggles to cross $30: Can it break the bearish cycle?

SkyBridge Capital’s Anthony Scaramucci Predicts Bitcoin’s Surge to $100,000 by Year-End

Italy to Unveil Crypto Guidelines under EU MiCA Law

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!