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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

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