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Bitcoin (BTC) Whales Seize the Opportunity as the Crypto Industry Rebounds

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2024-08-07 18:47:37849browse

After opening the week on a bearish note, Bitcoin (BTC) led the altcoin industry in a general rebound in the past 48 hours.

Bitcoin (BTC) Whales Seize the Opportunity as the Crypto Industry Rebounds

Bitcoin (BTC) price rallied around 2 percent in the past 24 hours to reach a daily high of about $57,267 on Wednesday. The flagship coin led altcoins and the broader crypto market in a general rebound from a bearish opening to the week.

As a result, the total crypto market cap also rallied around 3 percent to reach $2.1 trillion during the early European session. The notable rebound in Bitcoin and crypto occurred in tandem with major global stock indexes.

Moreover, the US is scheduled to begin its treasury buyback operations today and continue in the coming weeks for a total of about $50 billion.

Bitcoin price dropped to a daily low of $56,182 on Tuesday after rising to a high of $57,218 at the beginning of the week. BTC price began the week on a bearish note afterịp的反弹high of $58,633 on Monday.

Bitcoin price dropped to a daily low of $56,182 on Tuesday after rising to a high of $57,218 at the beginning of the past 24 hours. BTC price began the week on a bearish note after reaching a local high of $58,633 on Monday.

Bitcoin price opened the past seven days with a bullish breakout from a descending channel on the daily chart. However, the bears defended the psychological price point of $59,000, leading to a downturn that saw BTC price reach a daily low of $54,886 on Friday.

After registering a bullish H4 candle that signaled the end of the downtrend from the past week, Bitcoin price began to rally again on Monday. BTC price dropped to a local low of $48,266 on March 28, following a downturn that began after reaching an all-time high of $64,964 on April 5.

After opening the week on a bearish note, Bitcoin price began to rally again on Monday after dropping to a local low of $48,266 on March 28. BTC price reached a daily high of $57,218 at the beginning of the past 24 hours.

Bitcoin price dropped to a daily low of $56,182 on Tuesday after rising to a high of $57,218 at the beginning of the past 24 hours. BTC price began the week on a bearish note after reaching a local high of $58,633 on Monday.

Bitcoin price opened the past seven days with a bullish breakout from a descending channel on the daily chart. However, the bears defended the psychological price point of $59,000, leading to a downturn that saw BTC price reach a daily low of $54,886 on Friday.

After registering a bullish H4 candle that signaled the end of the downtrend from the past week, Bitcoin price began to rally again on Monday. BTC price dropped to a local low of $48,266 on March 28, following a downturn that began after reaching an incredible all-time high of $64,964 on April 5.

Bitcoin price began to rally again on Monday after registering a bullish H4 candle that signaled the end of the downtrend from the past week. BTC price dropped to a local low of $48,266 on March 28, following a downturn that began after reaching an all-time high of $64,964 on April 5.

Bitcoin price opened the past seven days with a bullish breakout from a descending channel on the daily chart. However, the bears defended the psychological price point of $59,000, leading to a downturn that saw BTC price reach a daily low of $54,886 on Friday.

After opening the week on a bearish note, Bitcoin price began to rally again on Monday following a bullish H4 candle that signaled the end of the downtrend from the past week. BTC price dropped to a local low of $48,266 on March 28, following a downturn that began after reaching an all-time high of $64,964 on April 5.

Bitcoin price opened the past seven days with a bullish breakout from a descending channel on the daily chart, but the bears defended the psychological price point of $59,000, leading to a downturn that saw BTC price reach a daily low of $54,886 on Friday.

After opening the week on a bearish note, Bitcoin price began to rally again on Monday following a bullish H4 candle that signaled the end of the downtrend from the past week and a local low of $48,266 on March 28. BTC price dropped to the lower support after reaching an all-time high of $64,

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