Bitcoin (BTC) $71,111.24 -4.58%
Ethereum (ETH) $2,185.70 -5.82%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 89.646598 -5.41%
Cardano (ADA) $0.27 -5.69%
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Cryptocurrencies: 28621

Markets: 116264

Market Cap: $2,437,897,749,122

24h Vol: $107,896,581,607

CoinGape

2022-12-23 16:10:58

Bitcoin On-Chain Data Shows Sharp Drop In Sell-offs, Is A Christmas Rally Ahead?

Bitcoin On-Chain Data Shows Sharp Drop In Sell-offs, Is A Christmas Rally Ahead?

Bitcoin price struggles to show a strong upside move as traders anticipate more BTC price fall due to miner capitulation and selloffs by whales. However, on-chain data indicates a sharp fall in selloffs by miners and whales. The Bitcoin price currently trades near $17,000. The U.S. PCE data for November comes in at 5.5%, which The post Bitcoin On-Chain Data Shows Sharp Drop In Sell-offs, Is A Christmas Rally Ahead? appeared first on CoinGape .

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