Mixed Crypto Market Ahead of Fed Minutes

Cryptocurrency prices were mixed on Wednesday as investors awaited the release of the Federal Reserve's latest meeting minutes. The uncertainty surrounding the Strait of Hormuz also contributed to the volatility.

Despite this, data from CryptoQuant shows that large Bitcoin holders have resumed buying after months of selling. Over the past 60 days, these 'whales' added approximately $2.75 billion worth of coins to their holdings, with around 43,000 coins being purchased.

Research firm Glassnode also noted that mid-tier investors, holding between 100 and 1,000 coins, have joined the buying wave along with large buyers.