Bitcoin Traders Withdraw $728 Million From Exchanges Despite Decline In Spot Price

Bitcoin’s price action might be unfavorable for bullish proponents, but it remains a focal point for serious money movements on-chain. Bitcoin fell below a major support level of $54,000 again in the past 24 hours, giving many short-term investors a big reason to worry.

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Crypto Analyst Says This Is ‘The Moment’ For Bitcoin – What Does It Mean?

There’s no denying that Bitcoin has significantly underperformed in recent months and has fallen short of the high expectations held by many bullish market participants. This underperformance has been especially evident in the past few weeks, where the cryptocurrency has faced considerable declines.

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Bitcoin Remains on Top as Altcoin Season Fails to Materialize

The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing.

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