This has been a night quite dynamic for the market of cryptocurrencies to call it somehow. If you missed it, worry, here we tell you some details of this time in months we had not seen. The whales Bitcoin acted immediately in consequence.
While Bitcoin was in a free fall more than 30%
While this was happening the whales crypto moved quickly and sold cryptocurrencies. At that time that it was recorded this fall, Whale Alert reported two movements for more than 3000 BTC. Specifically 3000 BTC first, and 5000 BTC after, which ended up on Bitmex. In addition, the earlier a whale crypto led 1000 BTC to the exchange Binance. These were the most influential events of the night of march 12, so to speak. In addition, there was an accumulation of 10 million USDC in the evening hours. For those who hope that Bitcoin will undoubtedly go up for the month of may due to the halving, this is the time most suitable to buy Bitcoin. Bitcoin had a minimum of 3867,09 USD in the last 24 hours, after a slump of more than 30%. Before this, some whales decided to sell their cryptocurrencies.
Interpretations of the price chart of Bitcoin
To a pretty level surface, it can be noted that Bitcoin fell below 4000 USD. That is to say, so that in the morning you’d buy 1 Bitcoin, on the night you were able to buy almost 2. Positive for those who have hope in the medium term, too negative for those who bought Bitcoin in the past days, in the wave upward. It is expected a constant activity of Bitcoin in the coming waves, and by the time the market is in a situation of panic end. In addition, the Volatility Index of the CBOE (VIX) is at 75,47, and indicates that investors remain concerned by the declines in the stock market. All of this is in the context of Coronavirus influenced up the price of Gold, which is normally one of the more stable assets in crises and market fluctuations. A few hours ago, in CriptoTendencia we did a survey that asked what invertirías your money to protect its value if it progresses the Coronavirus. Many indicated that in the Gold or Bitcoin. However, Bitcoin has shown that even without being correlated with any market or anchored to any currency, is not exempt from the fluctuations to the downside. This was evidenced throughout this night. For the time being, and although it may seem crazy, we should keep calm. If you have availability of money and want to invest some in Bitcoin is a moment to do so, but not with the hope of protecting their value, but have a bet on the recovery for decline of offer that will be after the halving of Bitcoin. In the same way is a very personal decision. If you get your inspiration in the actions of the whales crypto in the last hours, we recommend waiting to later in the day, march 13, and see how it evolves throughout.