Tag
CRYPTOQUANT
Bitwise's Chief Investment Officer Matt Hougan has asserted that Bitcoin, the flagship cryptocurrency is set to hit a six-figure price value adding more steam to the Bitcoin Bullish thesis that has been building in the crypto community recently.
Bitcoin's price dropped by 7% on Friday during the London trading session, reaching as low as $67,000 before rising to roughly $67,700.
It was disclosed Kucoin wallets got exposed and might have affected $150 million in user funds.
As BTC whales accumulate BTCs, Bitcoins circulating supply reduces, and this can weaken any bearish trend BTC finds itself in.