Bitcoin whales enjoy $1.5B feast on price dip before market recovers
Description
Bitcoin's continued recovery in the past 24 hours has given analysts and traders cause to look behind the curtain of the market. It seems that Bitcoin whales aggressively took advantage of the panic-selling we saw when Bitcoin fell close to $90,000, scooping up $1.5 billion worth. Also on Bitcoin, the Cardano founder said Bitcoin DeFi will eclipse the rest of crypto DeFi within the next few years, helping propel the price ever higher. Elsewhere, open interest for Ethereum has been growing rapidly, overtaking Bitcoin by a decent margin, which may hint at a $4,000 price tag some day soon, and an ex-Binance employee sued the UK arm of the exchange for unfair dismissal while alleging bribery.
Further reading:
- Bitcoin price retains 8% gains as attention switches to Ethereum comeback
- Bitcoin whales 'took advantage' of $90K BTC price dip, scooping up $1.5B
- Cardano founder predicts Bitcoin DeFi will dominate crypto within 3 years
- Ether to breach $4K before Trump’s inauguration — Analyst
- Ex-Binance employee sues UK exchange, alleging bribery: Report
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