Have the whales pumped up the BTC?
Tonight, BTC suddenly made a 7% move and is now trading at 21,000
BTC's capitalisation rose 7% overnight to $395.383bn, and with it the dominance rose 1%. The main reason for the rise was whales
Overnight, there were over 100 transactions over $20mn, capital is slowly returning to crypto, as the dollar index is down 0.7%. As I said, BTC and US dollar index are inversely correlated, and when the index goes down, BTC goes up.
I don't think anyone was expecting such an outcome, it gives a little hope to the market, but everything will depend on the US inflation data, which will be released on September 13.
