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Bitcoin, altcoins dip on Iran-Israel tensions
Bitcoin and altcoins experienced a downturn, possibly due to the macroeconomic implications of escalating tensions between Iran and Israel.
The past week brought a downturn for both Bitcoin and altcoins, possibly triggered by the macroeconomic implications of the escalating tensions between Iran and Israel over the weekend. Recent data reveals that whale wallets, holding over 0.1% of the total Bitcoin supply, significantly increased their buying activity during the market dip. Amidst the buying spree, Whale Alert, a leading blockchain tracker, reported a massive transfer of 16,276 BTC, worth approximately $1 billion, from an undisclosed wallet to Binance, a major cryptocurrency exchange.
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