Selling Pressure Subsides As Grayscale Sends 8.6K Bitcoin To Coinbase, Falling Below Average
Summary
Bitcoin's price has seen a 3% recovery amid decreased selling pressure from Grayscale. The asset manager has deposited over 123,000 BTC on Coinbase but has recently sent smaller amounts, hinting at a potential reduction in selling activity. Analysts suggest that Bitcoin's price outlook is brightening, with the possibility of revisiting the $43,800 range. Currently, Bitcoin is trading at $42,645, showing a 1.5% price recovery in the past 24 hours.
