Crypto News

Whale Supply Redistribution: After the sharp price drop in March, Bitcoin's price has been steadily climbing back up. However, the past two months have seen the price stuck in a range between $9,000 and $10,000. This can be attributed to the redistribution of whale supply, as large holders of Bitcoin have been selling some of their holdings and redistributing them among smaller investors. This has helped to create a more balanced distribution of Bitcoin, which is necessary for a healthy and stable market. Post-Halving Consolidation: Bitcoin's highly anticipated halving event took place in May, which saw the block reward for miners cut in half. This event is expected to have a significant impact on the price of Bitcoin, but so far, the effects have been minimal. This is because the market is still in a period of consolidation after the halving, as investors and traders adjust to the new supply and demand dynamics. This consolidation is necessary for the market to find...