Bitcoin's price fell by 4% last week, dropping to $108,600 after a major sell-off by a long-time holder who offloaded over 100,000 bitcoins. The market began to stabilize, with Bitcoin recovering to $113,500 by Thursday night. The decline was compounded by a 1.32% drop in the Nasdaq, following disappointing Q2 earnings from AI and data center companies.
Despite the volatility, analysts remain divided on Bitcoin's trajectory, with some forecasting a recovery while others warn of a potential fall to $92,000. Ethereum, meanwhile, shows stronger momentum, with expectations of significant price gains. Upcoming US bond auctions and employment data are anticipated to further influence the market.
Bitcoin Falls 4% as Whale Sell-Off and Nasdaq Decline Impact Market
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