Bitcoin Today
Bitcoin is up 12% this month — even though barely anybody is trading it
Posted on Mon Jun 26 2023 by Admin
KEY POINTS
Bitcoin's price has risen more than 12% since the beginning of June.
Investors attributed the jump to news that BlackRock had filed for a spot bitcoin ETF.
The more likely thing moving bitcoin, though, is large purchases by so-called bitcoin "whales" as liquidity remains low.
This, analysts say, is causing big moves in the price of the world's top digital currency.