Bitcoin whales have executed their largest selloff since mid-2022, disposing of 115,000 BTC, valued at approximately $12.7 billion. This massive reduction in holdings could continue to influence Bitcoin’s market price in the weeks to come.
The NFT market is experiencing a significant slowdown, with declining trading activity and several marketplaces struggling to stay afloat. Analysts point to shifting investor interest and market saturation as key factors.
In a remarkable shift within the cryptocurrency market, Ethereum has experienced its largest weekly outflow since December 2022, with $1.8 billion in ETH leaving exchanges. This movement signals a potential market bottom as investors possibly view the current price levels as prime buying opportunities.
The anticipated TikTok ban in the U.S. raises questions about its effects on the cryptocurrency market. Despite previous restrictions on financial content, experts suggest crypto’s growth will likely remain unaffected.
