- Bitcoin price rallied 4%, suggesting a continuation of the uptrend.
- Ethereum retested the $3,000 level while altcoins are rising violently.
- On-chain data shows that this uptick in BTC is due to multiple inflows in stablecoins.
Bitcoin price saw a sudden uptick in buying pressure causing Ethereum and altcoins to surge. This move can be explained from a technical and on-chain perspective, complementing each other.
Bitcoin and its role in the LUNA bet
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