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Bitcoin Falls Below $80,000 as Whales Sell

Bitcoin Falls Below $80,000 as Whales Sell

Glassnode sees all wallet groups now selling on net, with whales especially taking profits after the strong August rally. The area around $83,000 and the 50-week moving average are keeping Bitcoin capped.

Bitcoin is the first and largest cryptocurrency in the world.

Bitcoin was designed as digital money without a central party. The network uses blockchain technology and is often seen as a digital alternative to gold.