Bitcoin’s (BTC) dominance has dropped from about 48% on Oct. 20 to 42.3% on Nov. 7 whereas the entire crypto market capitalization has continued its northward journey. This means that the value motion has shifted from to altcoins.
CryptoQuant CEO Ki Younger Ju stated that Bitcoin whales are promoting however this has not resulted within the breach of the robust assist at $60,000. He additionally identified that Bitcoin reserves throughout exchanges have continued to lower, indicating a robust urge for food from patrons.
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