Furthermore, the latest data from the crypto analytics platform Santiment shows that wallets holding between $100 and $1 million in Ethereum, the so-called sharks and whales, they got rid of about 3.3 million of these ‘tokens’ in the last month.
What will happen to the price of Bitcoin?
Edward Moya, a senior market analyst at Oanda in dialogue with Bolsamanía highlighted that the expectations that the Fed will hit the brakes at the end of the year, since the dollar “is weakening”. “The economy is showing more signs of weakening and that is helping investors trust that the Federal Reserve (Fed) will be in a better position to reduce its pace of tightening after next week’s FOMC meeting,” it says. Moya.
Likewise, the expert highlights that this week “is full of important risk events that could help maintain the upward trend of the markets in general”. Among them, “big tech gains, a couple of big central bank decisions and the first look at Q3 GDP”quotes that “will weigh on risk appetite this week.”
Source: Ambito
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