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Crypto

Whale Selloff Hits Bitcoin After Price Surge

Guavy AI Editorial Team
Instruments
BTC
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A significant selloff has occurred in Bitcoin as a 'whale', an individual or entity with a large cryptocurrency holding, dumped approximately 7,700 BTC.

The sale comes after Bitcoin surged past $78,700 in the last 24 hours, but the asset has seen losses today amid this whale's selloff.

Despite the recent losses, the flagship cryptocurrency has added nearly 23% over the past week, indicating growing confidence among market participants towards the asset.

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