Bitcoin’s bearish plunge signals a storm ahead for the altcoin market
The release of dovish CPI inflation data on August 14 initially provided a bullish catalyst for Bitcoin (BTC), sparking optimism among investors. However, this positive sentiment was quickly overturned by a couple of factors, including U.S. authorities moving 10,000 BTC, valued at nearly $600 million, into a Coinbase Prime wallet, raising concerns about potential liquidation and its impact on market prices. As Bitcoin attempts to hold above the $60,000 mark, a crypto analyst has warned that its bearish plunge could have significant implications for the broader cryptocurrency market, especially altcoins. Picks for you AI predicts Gold price after reaching a new all-time high 45 mins ago Bitcoin price Analysis as whales buy $240 millio...