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- #Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
What’s next for the market? Which rebound tokens are you most bullish on?
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Grayscale, issuer of the largest spot bitcoin exchange-traded fund (ETF), dubbed the Grayscale Bitcoin Trust (GBTC), has just transferred the sum of $900 million in the digital currency from the fund to U.S. exchange Coinbase, according to market newsletter Whale Wire.
Whale Wire further warns that Grayscale could be preparing to send even more BTC to the exchange, so it recommended being careful with the price. This comment takes place in the midst of the daily multi-billion dollar outflows that GBTC is receiving, which lead it to sell bitcoins, generating downward pressure in the market.
GBTC has recorded more than $2.8 billion in just six days, as seen in the following image published by Bloomberg Intelligence specialist James Seyffart. That led to the amount of bitcoins in the fund seeing a continuous decline.