The recent price action is a sign that “a big move for #BTC is going to happen soon.The price of Bitcoin (BTC) has been oscillating around support at $23,000 over the past couple of days.
The overall cryptocurrency market cap now stands at $1.048 trillion and Bitcoin’s dominance rate is 42%. Reports of electric vehicle maker Tesla dumping 75% of its Bitcoin (BTC) holdings in the second quarter only caused a minor blip as lower levels attracted strong buying from the bulls.
It is encouraging to note that even after huge selling by institutions and the unfavorable macro environment, Bitcoin has held up quite well.BTC/USD is exchanging hands at $22,973.67 USD up 0.15% for the day. The largest cryptocurrency by market cap 24-hour trading volume stands at $31,082,710,865
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