![Bitcoin [BTC]’s latest surge may not last long and the culprit is none other than…](https://i.headtopics.com/images/2022/9/10/cryptoamb/bitcoin-btc-s-latest-surge-may-not-last-long-and-t-bitcoin-btc-s-latest-surge-may-not-last-long-and-t-1568654332207448065.webp)
The price per Bitcoin [BTC] grew by 5.16% in the last 24 hours, and stood at $21,612.76 as per data from CoinMarketCap revealed. The king coin was impacted by the broader financial assets market drawdown. This led to the price falling by 12% in August alone. However, the BTC market remains consistent and follows well-developed trends […]
The king coin was impacted by the broader financial assets market drawdown. This led to the price falling by 12% in August alone.remain “resolute in their conviction”. Short-term investors continue to face challenging times. This is because macro factors continue to push the price of the number one coin southward., in the last few days, accumulating whales have continued to hold on to their BTCs. Furthermore, on-chain data suggested that not many BTCs have been sold.
This, according to Mignolet, occurs when the broader market is not interested in buying the BTCs offered for sale. revealed. These BTC liquidations represent 62% of the total $297.32 million taken out of the general cryptocurrency market within the same period.On a daily chart, the leading coin appeared to have registered traction following the price rally in the last 24 hours. According to CoinMarketCap, with a 5% growth in the price per BTC, the coin’s trading volume went up by 18% in the last 24 hours.
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