• Bitcoin, Ethereum and XRP Wale are moving large volumes worth more than $358 million and causing a lot of discussion in the community.
• Experts are currently discussing whether Bitcoin can maintain the current price level of $7,500 and will start a further upward trend.

The Bitcoin price rose yesterday from $7,100 USD to $7,700 USD, and at the time of writing stands at $7,535.83, up 0.64% in the last 24 hours. The market capitalization of BTC has increased from $130 billion to almost $138 billion.

Yesterday, Bitcoin and Ethereum Wale moved large transactions worth more than $358 million. An ETH whale sent $182 million in five separate transactions between wallets of unknown origin. The largest single transaction moved 273,712 ETH worth $51 million. In addition, 23,544 BTC worth more than $176 million were moved.

The data analysis service Whale Alert reports that eight of the recorded transactions Bitcoin and ETH from unknown wallets have been sent to exchanges, so that some whales may be preparing to sell some of their stocks. However, a $10 million XRP 55 million transaction is safe, as it was moved between internal ripple wallets.

https://twitter.com/XRPL_Monitor/status/1253361261041115139

The experienced Bitcoin trader Big Chonis Trading describes that Bitcoin is showing a positive development for the sixth week in a row since the low in mid-March of almost $3,800 on the weekly chart. In his opinion, Bitcoin will decouple itself from the stock market and show its own performance development, independent of the price development of the stock market.

Crypto-Trader Teddy explains on Twitter that Ethereum has shown a strong recovery since the low in mid-March and has risen by more than 30% since then. Nevertheless, he points out that the newly formed support levels have not yet been tested and that these will have to prove themselves in case of an emergency. Nevertheless he draws a bullish scenario for ETH.

https://twitter.com/TeddyCleps/status/1253636906048458757

Monetary policy of the Federal Reserve could attract new investors

The research and analysis company Arcane Research describes that the FED (Central Bank of America) continues to print money without an upper limit, but for Bitcoin havling is next. The institution sees this event as a good opportunity to attract new investors and thus attract fresh capital to the market:

While FED is printing money, Bitcoin has different plans with an upcoming halving in just three weeks. This will cut the yearly production in half, from 12.5BTC to 6.25BTC per block. This quantitative hardening may attract new investors to bitcoin, as ‘the money printer’ keeps running at full speed.

Experts in the industry are currently in dispute whether the halving is already priced in. It remains to be seen whether the halving will have a positive effect on the Bitcoin price. Follow us on Facebook and Twitter and don’t miss any hot news anymore! Do you like our price indices?

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