Cryptocurrency Giant Bitcoin (BTC) Whales Moved!

Today's allegations about AVAX caused movement in the cryptocurrency markets. The markets experienced some decline. Bitcoin (BTC) is hovering above $20,000 again after dropping to $19,500 in the last 24 hours.

The Bitcoin (BTC) price targeted $20,500 as NFT support and allegations about AVAX faded, but could not exceed $20,444. Second-placed Ethereum regained the critical $1,500 level. AVAX continues to be traded at $ 19. It was stated that Bitcoin, the cryptocurrency leader, which needs closures above $ 20,675 and $ 21,200 in the short term, has not yet been able to overcome the impact of the statements made by Fed Chairman Powell. According to data from Santiment, despite the continuous decline in the price of Bitcoin, major whale addresses caused an increase in BTC assets last month. However, addresses holding between 100 and 10,000 BTC have increased by 103 in the last 30 days. This brings the cumulative number of addresses holding between 100 and 10,000 Bitcoin on the BTC network to 15,847. According to Santiment, this data is a positive development. Indeed, there is a correlation between the BTC price and the graph of addresses holding between 100 and 10,000 Bitcoins. Could this be a harbinger of a rise? Over the last 30 days, the bitcoin price started to fall around August 13 after making a local peak. After three days, the number of unique addresses trading BTC on a daily basis also dropped. Since Jerome Powell's remarks, daily active addresses on the Bitcoin network have dropped by 79%. According to Santiment data, this is down 81% in the last 30 days. According to Santiment's data, the total amount of Bitcoin available on exchanges has dropped from 10.18% of Bitcoin's total circulating supply to 9.07% in the last 30 days. This data also supports the rise, it seems that Bitcoin will decide the direction in the coming hours. The investment information, comments and recommendations in this article are not investment advice. Investment advisory services are provided individually, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!