Express

Are Corporations Shifting From Bitcoin To The Altcoin Market?

Emily Mason

Summary: A popular crypto commentator shared a chart in a recent tweet arguing that 45,000 worth of Bitcoin was sold on Coinbase to reset funding for altcoins. The graph showed that about the amount of funding that left Bitcoin and Ethereum equaled the gains made in the altcoin market. Some replies speculated that corporations had liquidated ...

A popular crypto commentator shared a chart in a recent tweet arguing that 45,000 worth of Bitcoin was sold on Coinbase to reset funding for altcoins.

The graph showed that about the amount of funding that left Bitcoin and Ethereum equaled the gains made in the altcoin market. Some replies speculated that corporations had liquidated their holdings in Bitcoin in order to open long positions in the altcoin market.

By Emily Mason

Last Update:

Tags: ,,
Link: Are Corporations Shifting From Bitcoin To The Altcoin Market?   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 4 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 11 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 15 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 18 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 22 days ago

    • You need to login to comment.