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Crypto Market Update: Bitcoin Consolidates Amid Mixed Whale Activity

Crypto Market Update: Bitcoin Consolidates Amid Mixed Whale Activity

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Here’s a quick recap of the crypto landscape for Wednesday (August 26) as of 10:00 p.m. UTC.

Bitcoin price update

Bitcoin (BTC) was priced at US$78,451.20, down by one percent over the past 24 hours.

In a market report sent to the Investing News Network, Simon-Peter Massabni, head of business development at XS.com, noted that Bitcoin is recovering from a mild correction, experiencing a mix of inconsistent whale accumulation, strong support from spot Bitcoin ETFs and increased speculative activity in futures.

“The current bull run still needs stronger on-chain…

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