Bitcoin (BTC) $80,323.01 3.46%
Ethereum (ETH) $2,417.40 5.58%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 95.677759 3.16%
Chainlink (LINK) $11.50 4.46%
Cardano (ADA) $0.20 3.23%
Litecoin (LTC) $55.65 2.84%
Dash (DASH) $48.46 5.15%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.334897 -1.84%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 6.63%

Cryptocurrencies: 30359

Markets: 109462

Market Cap: $2,684,739,922,049

24h Vol: $86,906,388,276

CryptoGlobe

2023-02-04 21:12:11

On-Chain Analyst: Bitcoin’s Recent Rally Is Due to ‘Large Institutions Doing the Buying’

On-Chain Analyst: Bitcoin’s Recent Rally Is Due to ‘Large Institutions Doing the Buying’

Recently, popular and highly respected on-chain Bitcoin analyst Willy Woo took a closer look at Bitcoin’s recent rally that has seen the price of the flagship cryptocurrency rise nearly 40% in January 2023. On 31 January 2023, Woo told his one million Twitter followers: “This recent rally coincides with a new pattern emerging of stablecoins

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