BTC Experiences Price Crash While COLT Sees 40% Pump
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As the price of Bitcoin (BTC) continues to fluctuate, DeFi projects like Collateral Network (COLT) may provide investors with a stable and reliable alternative investment option.
With its real-world utility, fixed passive income opportunity, liquidity, security, and fast turnaround time, COLT is well-positioned to become a leading player in the DeFi space and provide investors with a profitable and safe investment opportunity.
Bitcoin Price Rebounds Despite Recent Concerns About Low Interest From Large BTC Whales
There is much speculation about whether Bitcoin will break the support level of $25,000 or the resistance level of $30,000.
On May 12, Bitcoin dropped to a low of $25,965, breaking the 200-day Weekly Moving Average (WMA). Although the Bitcoin (BTC) price has been steadily recovering since then, the actions of major investors, known as whales, can significantly impact the price of Bitcoin.
Trading at $26,843.18 with a 24-hour trading volume of $15.19B, Bitcoin is up 1.85% in the last 24 hours at the time of writing.
If whales start accumulating Bitcoin and retail investors follow suit, the price of BTC may quickly reach the $30,000 level. On the other hand, if the mild gains we are seeing from Bitcoin now turn into losses in the coming days, the opposite could happen.
Regardless, the volatility in the market is expected to continue, which will help create a clearer chart to analyze the future trend of Bitcoin.
Source: analyticsInsight
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