Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on January 24, 2021, 07:01:07 AM

Title: Bitcoin's biggest mining pool may be behind the BTC price drop, but buyers stepped in
Post by: newshunter on January 24, 2021, 07:01:07 AM

Bitcoin's biggest mining pool may be behind the BTC price drop, but buyers stepped in

This week's volatility may come down to a tug-of-war between F2Pool selling and Grayscale buying.

Source: Bitcoin's biggest mining pool may be behind the BTC price drop, but buyers stepped in (https://cointelegraph.com/news/bitcoin-s-biggest-mining-pool-may-be-behind-the-btc-price-drop-but-buyers-stepped-in)

Would appreciate your opinion about this

Title: Re: Bitcoin's biggest mining pool may be behind the BTC price drop, but buyers stepped in
Post by: TomPluz on January 25, 2021, 05:06:58 AM

This could have been the time when bears are taking charge of the market but due to the coming of institutional money the price of bitcoin remains to be bullish despite the drop we see the last few days. Well, this is quite normal, just a matter of demand and supply having a tug of war in the market. Can we expect the same dynamics going on for weeks in this 1st quarter of the year? Maybe so.