Cryptocurrency News: Whales Active Following FED Announcement, Buying $135M in Bitcoin and $840M in Ethereum!
In the wake of the FED announcement, whales in the cryptocurrency market have been making significant moves. Some are purchasing while others are selling.
Bitcoin’s price saw significant fluctuations following the release of CPI data from the USA and the FED’s interest rate decision. The positive CPI data pushed BTC towards $70,000, but after the FED announcement and statements from chairman Jerome Powell, the price fell back to $67,000.
Whales are seizing the opportunity to accumulate Bitcoin. Two new whale wallets recently acquired 2,000 BTC valued at $135 million from Binance.
Meanwhile, whales are also increasing their holdings of Ethereum. Analyst Ali Martinez reported that whales recently bought over 240,000 ETH worth $840 million. This surge in purchases is believed to be in response to rising expectations for ETH’s price following the SEC’s approval of spot Ethereum ETFs.
In addition to Bitcoin and Ethereum, a giant altcoin whale made significant sales in five different altcoins, totaling $8.38 million. This smart whale has previously made profits on investments in PEPE and UNI.
For the latest news, analytics, and on-chain data, follow our Telegram and Twitter accounts.
