Jun 4, 2024

A new report from crypto exchange Bitfinex says that the slump in bitcoin (BTC) since March was likely driven by long-term holders selling but the trend has stalled.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Bitcoin reached its all time high earlier this year. Writing the excitement around spot Bitcoin ETF S in the US. Since then, the largest Cryptocurrency by market cap has seen some corrections. A new report from Biti says that the slump in Bitcoin since March was likely driven by long term holders selling the good news is that the trend has stalled Blockchain data track by crypto Kwon shows that investors are starting to accumulate Bitcoin again, an indication of increasing bullish sentiment as of 10 am eastern time, Bitcoin is trading just below $69,600. That's it for the chart of the day. I'm Helene Braun in for Jensen Asi. We'll see you next time.

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