BITCOIN PASSES 30 DAYS MOVING AVAERAGE
8 Aug 2022 — Bitcoin's price rose above $24,000 on Monday, though the overall macro economic outlook remains mixed and the crypto market is subdued.
The largest crypto continues to see momentum despite a shaky market because every move down is immediately met with large orders of bitcoin mainly from big wallet addresses, which are likely institutional investors, according to Martin Hiesboeck, head of blockchain and crypto research at Uphold. In other words, institutions are buying up bitcoin, while everyday investors are largely holding off.
Aug 24 2022