Bitcoin experienced a slight dip in Asian trading on Monday but held steady above the support level of US$30,000. Ether and other top 10 non-stablecoin cryptocurrencies also saw losses due to concerns over potential interest rate hikes in the US.
Despite a recent flurry of Bitcoin ETF applications in the US, a JP Morgan report suggests that their approval may not have as much impact as some expect.
However, addresses holding 10 to 10,000 Bitcoin have accumulated an additional 71,000 Bitcoin, worth approximately US$2.15 billion, since July 17, indicating continued bullish sentiment among Bitcoin whales.
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