Analysts Predict Bitcoin to Hit $140K With Strong Momentum   Analysts Predict Bitcoin to Hit $140K With Strong Momentum 

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Bitcoin price is currently trading at $109,500, reflecting a 4% increase this week and a 2% rise intraday, despite the resurfacing of major dormant wallets. Recently, two wallets that had been inactive for over six years transferred a total of 8,000 BTC into a custody wallet controlled by Coinbase Prime.

Additionally, data from Glassnode revealed that over 80,000 BTC, untouched for five years or more, moved last Friday. The revival of these long-dormant coins has sparked speculation about a potential market dump as Bitcoin hovers near its all-time…



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Analysts Predict Bitcoin to Hit $140K With Strong Momentum   Analysts Predict Bitcoin to Hit $140K With Strong Momentum 


Bitcoin price is currently trading at $109,500, reflecting a 4% increase this week and a 2% rise intraday, despite the resurfacing of major dormant wallets. Recently, two wallets that had been inactive for over six years transferred a total of 8,000 BTC into a custody wallet controlled by Coinbase Prime.

Additionally, data from Glassnode revealed that over 80,000 BTC, untouched for five years or more, moved last Friday. The revival of these long-dormant coins has sparked speculation about a potential market dump as Bitcoin hovers near its all-time…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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