Big changes are on the horizon as a pair of whales move a large amount of Bitcoin (BTC). The moves are believed to have been made in response to recent developments by the SEC. A total of five transactions recently took place where 1,433 BTC were transferred out.
Each traction transaction amounted to $39,041,477. All 5 transactions originated from the Crpto.com exchange into an Unknow wallet. The important thing to notice regarding these transactions is that this was a move and not a sale.
Benjamin Cowen is a crypto analyst and the mind behind Into the Cryptoverse. The YouTube channel focuses on crypto market analysis. Benjamin has predicted the BTC will make big moves this year and will reward the braves.
Benjamin has predicted that we will see the stability the BTC is enjoying fade away and crash only to come back. History is going to repeat itself with BTC following its 2015-2019 performance. The reason for the Bitcoin surge is due to the influx from the altcoin market liquifying into BTC. Once the liquid from Altcoin comes to an end the price of BTC will drop due to the liquidity drying up.
Benjamin has predicted BTC to go on a bull run in 2024 due to a change in policy by the Federal Reserve. He believes that the recent increase in the Fed will prevent the increase in the interest rate. The Fed rate increased from 4.63% to 4.88%. The Fed rate is expected to cross 5% as 2023 comes to an end which will cause the Fed to inject liquidity into the market.
BTC has crossed $28,000 with a 1.7% increase in the last 24 hours. BTC is currently valued at $28,295 with a 38.9% increase over the last 14 days as compared to a -33.9% from 1 year ago.
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