CryptoQuant CEO: Coinbase “Whales” Stirring Bitcoin Price Swings
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- Coinbase whale activity drives Bitcoin price movements, with 30% spot volume dominance surge.
- Bitcoin’s price fluctuates between $95K and $88.9K, reflecting market volatility.
- Market reactions to Bitcoin’s dip: Eric Trump and Michael Saylor see it as a buying opportunity.
Bitcoin being the marquee coin for crypto as a whole, is watched closely for its latest price swings but with a spike in its trading volume.
Ki Young Ju, the CEO of CryptoQuant, contests that big players on Coinbase “whales,” are the ones affecting Bitcoin’s price
Coinbase Spot Volume Surges as Bitcoin Wobbles
Over the past week, trading of Bitcoin on Coinbase surged by more than 30%, reflecting a rise in Bitcoin trading on the platform. This along with the overall market ups and downs, led to Bitcoin’s price dipping by 3.58% in the last day, landing around $88,700.
Coinbase Premium Index: Another Price Indicator
Besides the spike in trading volume, the Coinbase Premium Index gives mo…
The post CryptoQuant CEO: Coinbase “Whales” Stirring Bitcoin Price Swings appeared first on Coin Edition.
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$ 64.31K
+0.71%
$ 0.00732
+0.24%
$ 0.00...361
$ 0.0000824
$ 0.000579
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In This News
Coins
$ 64.31K
+0.71%$ 0.00732
+0.24%$ 0.00...361
$ 0.0000824
$ 0.000579
Predictions Markets
See what traders are focused on
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