• Bitcoin rose above $62,000 in the past 24 hours and is attempting a breakout.
• Whales bought 47,000 BTC at an average price of $57,000.
• MOG, PENDLE, and SNX surged 6.8%, 14%, and 12%, respectively.

Bitcoin (BTC), the world’s largest cryptocurrency by market cap, surged above the $60,000 price level after the German government’s BTC wallet liquidated its holdings last week, prompting whales to buy the dip.

CryptoQuant analyst Minkyu Woo noted that whales have purchased 47,000 BTC at an average price of $57,000, suggesting that “the bottoming out of BTC may be nearly complete.”

According to data from CoinMarketCap and the depicted chart from TradingView, Bitcoin has finally reclaimed the 200-day Moving Average after briefly dipping below it earlier in July. The relative strength index (RSI) of the digital asset reads 56.26, confirming that buyers have regained control, driving prices higher. BTC is currently trading at $62,587.…

The post Market Skyrockets on Monday: BTC, MOG, PENDLE, and SNX in Green appeared first on Coin Edition.

• Bitcoin rose above $62,000 in the past 24 hours and is attempting a breakout.
• Whales bought 47,000 BTC at an average price of $57,000.
• MOG, PENDLE, and SNX surged 6.8%, 14%, and 12%, respectively.

Bitcoin (BTC), the world’s largest cryptocurrency by market cap, surged above the $60,000 price level after the German government’s BTC wallet liquidated its holdings last week, prompting whales to buy the dip.

CryptoQuant analyst Minkyu Woo noted that whales have purchased 47,000 BTC at an average price of $57,000, suggesting that “the bottoming out of BTC may be nearly complete.”

According to data from CoinMarketCap and the depicted chart from TradingView, Bitcoin has finally reclaimed the 200-day Moving Average after briefly dipping below it earlier in July. The relative strength index (RSI) of the digital asset reads 56.26, confirming that buyers have regained control, driving prices higher. BTC is currently trading at $62,587.…

The post Market Skyrockets on Monday: BTC, MOG, PENDLE, and SNX in Green appeared first on Coin Edition.