Wednesday, February 28, 2024
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SOL, ADA Prices Surge on Crypto Majors Recovery; Bitcoin Extends Gains: Market Wrap

“Bitcoin jumped back as high as $26,800 Wednesday as key whale & shark addresses are now collectively adding to their stacks once again,” on-chain analytics firm Santiment said in a tweet. “There are currently 156,660 wallets holding 10 to 10,000 $BTC, and they have accumulated $308.6M since August 17th.” Original Source

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XRP, ADA Post Highest Losses Among Crypto Majors; BTC Price Steady as ‘Buy the Dip’ Allure Fades

“Data suggests that long volatility strategies have been deployed extensively over the weekend after the price crashed below the $25,000 level,” the analysts wrote. “In turbulent times, traders might expect high volatility to continue and use options strategies (like straddles or strangles) to profit from this.” Source

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