This week’s crypto market is full of action! Bitcoin (BTC) momentarily surged above $80,000 due to rumors of Trump's tariff delay, but quickly corrected after the news was denied. Nevertheless, this brief spike gave a breath of fresh air to altcoins like Ethereum, XRP, Solana, and Dogecoin. Now, Bitcoin's price is stable around $79,000.
While small traders panic, whales are actually buying more BTC. Data shows massive accumulation from wallets holding more than 10,000 BTC, indicating confidence from major players. Arthur Hayes, former CEO of BitMEX, is also optimistic about Bitcoin, avoiding altcoins and predicting BTC dominance could rise to 70%.
However, volatility remains high with liquidations reaching $1.5 billion in the last 24 hours. The market is still vulnerable, but Bitcoin is showing signs of recovery. 🐋📈