Whales Flock to Ethereum as Bitcoin Price Dips Below $113,000

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Bitcoin experienced a notable downturn over the weekend, slipping from recent highs and testing support levels around $112,500. This retreat followed a brief rally spurred by Federal Reserve Chair Jerome Powell's comments hinting at a potential September rate cut. However, market sentiment shifted as selling pressure resurfaced, attributed to significant whale activity and a broader market recalibration.

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