The Crypto Markets are Calmer with Bitcoin Finding Fresh Support, letting the Fear Abate

After rising to new levels, holders can now breathe a bit easier as Bitcoin enjoys a level of support not seen before, and it’s not just the upswing that’s causing the excitement. 

The first glimmers of good news are finally here—evidenced by several upward-trending trading figures. Investors have translated this positivity to the stock market, admittedly not as enthusiastically as for cryptocurrencies, offering a welcome reprieve from the months of gloom in 2023. So, this rally won’t be just a fleeting fancy—it looks set to stick around!

With BTC prices on a dramatic surge, it looks like “Whale” investors have decided they won’t be moving their BTC onto exchanges – instead, they’ve gone over-the-counter with OTC desks, sharply increasing their holdings. So, whales are wisdom-ing up, OTC desks are stocking up, and investors are holding their breath – what an interesting week in crypto!

The Recent Surge In Crypto 

Bitcoin is cozy above the $21K mark, while ETH fortifies around the $1,500 territory after a few weeks of dip beneath the $1,200 line.

Mridul Srivastava

By Mridul Srivastava

Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.