Large Bitcoin Investors Take a Breather After Frantic October, U.S. Inflation Data Eyed

Posted on by American Coins & Gold

Large Bitcoin Investors Take a Breather After Frantic October, U.S. Inflation Data Eyed
Bitcoin’s uptrend continues with prices rising over 10% this month, extending October’s 40% gain and setting a new record high of over $68,000. However, institutions and large investors seem to be handing the baton over to retail investors ahead of the U.S. consumer price index data that could influence the Fed rate hike expectations.While the coin stash of small bitcoin addresses continues to rise, the combined balance of addresses holding 100 – 10,000 BTC has dropped by 60,000 BTC ($4 billion) in the past seven days, diverging from bitcoin’s continued price rally, data tracked by blockchain analytics firm Santiment shows.“The…