{"id":42209,"date":"2023-01-24T13:04:39","date_gmt":"2023-01-24T13:04:39","guid":{"rendered":"https:\/\/egrowonline.com\/?p=42209"},"modified":"2023-01-24T13:04:39","modified_gmt":"2023-01-24T13:04:39","slug":"these-altcoins-are-going-to-pump-because-of-bitcoin-whales","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=42209","title":{"rendered":"These altcoins are going to pump because of Bitcoin whales"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"featured\">\n<p>\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"600\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2023\/01\/Bitcoin-1200x600.jpg\" class=\"attachment-main-featured size-main-featured wp-post-image\" alt=\"\" title=\"These altcoins are going to pump because Bitcoin, Ethereum and Litecoin whales are on buying spree\" \/>\t\t\t\t<\/p><\/div>\n<ul>\n<li><b>A post on the Santiment Community platform titled \u201cThe Pump Hunter\u2019s Guide: How to spot and profit from artificially inflated crypto prices\u201d explains how Bitcoin, Ethereum, and Litecoin whales could impact upcoming price levels.<\/b><\/li>\n<li><b>Other experts have refused to link Bitcoin\u2019s current rally to the deliberate activities of whales.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p><span style=\"font-weight: 400\">Most cryptocurrencies broke through multiple resistance levels to record some interesting feats this month with Bitcoin climbing above $21k for the first time since November last year. Shortly, the asset fell marginally as sentiments hit neutral. According to the latest market data, Bitcoin\u2019s current sentiment has reached \u201cbullish\u201d with the price trading a little above $23k. This is a 9.5 percent increase in the last seven days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ethereum is also enjoying a bullish sentiment with a trading price of $1,635 and a weekly surge of 4.7 percent. Almost all the top altcoins are in green including Solana which almost crashed after the collapse of the FTX empire. The asset is currently trading at $24, and investors have made a weekly gain of 5.6 percent. Regardless, the question of whether this is a breakout or a fakeout remains within the minds of investors.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A post on the Sentiment Community platform <\/span><a target=\"_blank\" href=\"https:\/\/insights.santiment.net\/read\/the-pump-hunter-s-guide-how-to-spot-and-profit-from-artificially-inflated-crypto-prices-7186?utm_source=twitter&amp;utm_medium=post&amp;utm_campaign=twitter_pump_hunters_guide_insight_sanrking_012323\/&amp;fpr=twitter\" rel=\"nofollow noopener\">Ethereum<\/a><span style=\"font-weight: 400\"> \u201cThe Pump Hunter\u2019s Guide: How to spot and profit from artificially inflated crypto prices\u201d explains how Bitcoin, Ethereum, and Litecoin whales could impact upcoming price levels. According to the post, the crypto community is largely aware of the recent market trend of artificially inflating prices called \u201cpump\u201d. Santiment is a market intelligence platform.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#x1f4ca; According to our latest community post, there is unpredictability surrounding <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/altcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#altcoin<\/a> pumps that have happened in the markets throughout January. Read their opinion, and how <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#Bitcoin<\/a>, <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#Ethereum<\/a>, and <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#Litecoin<\/a> whales will impact upcoming price levels. <a target=\"_blank\" href=\"https:\/\/t.co\/cztaupDkn1\" rel=\"noopener\">https:\/\/t.co\/cztaupDkn1<\/a> <a target=\"_blank\" href=\"https:\/\/t.co\/OMXlY8xTI6\" rel=\"noopener\">pic.twitter.com\/OMXlY8xTI6<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1617590314423967744?ref_src=twsrc%5Etfw\" rel=\"noopener\">January 23, 2023<\/a><\/p>\n<\/blockquote>\n<h3>Bitcoin investment could go bad<\/h3>\n<p><span style=\"font-weight: 400\">The fact that the market could experience a downturn a few days after a pump does not make its investment recommendable.\u00a0<\/span><\/p>\n<div class=\"nso_single_social\">\n<p>Follow us for the latest crypto news!<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">Such operations usually go unnoticed unless the whales or large holders who are usually behind this begin to sell their positions. The post further states that this has been the situation for Bitcoin, <a target=\"_blank\" href=\"https:\/\/www.crypto-news-flash.com\/ethereum-will-it-be-possible-to-withdraw-staked-eth-after-shanghai-developers-disagree\/\" rel=\"noopener\">Ethereum<\/a>, and Litecoin which ends up pushing altcoins like Solana, Cardano, Dogecoin, etc up the price curve. While many investors are jumping onto a moving train to take advantage of the mini rally in the market, the post advises that this could be dangerous.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">It is advised to be cautious and wait for better opportunities in the market rather than jumping into a potentially unstable investment. Stay safe.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Other experts have refused to link Bitcoin\u2019s current rally to the deliberate activities of whales. According to them, the price is reacting to the Bureau of Labor Statistics (BLS) CPI report which discloses that the overall inflation of urban consumers is declining by 0.1 percent. This is said to be the largest drop since April 2020. It is expected that this data could trigger a less harsh Federal Reserve interest rate hike at the Federal Open Market Committee meeting expected to occur on February 1.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Governor Christopher Waller gave a hint:<\/span><\/p>\n<div class=\"tve-leads-shortcode tve-leads-triggered tve-tl-anim tl-anim-instant tve-leads-track-shortcode_228374\">\n<div class=\"tl-style\" id=\"tve_tcb2_set-001\" data-state=\"50\" data-form-state=\"\">\n<div class=\"tve-leads-conversion-object\" data-tl-type=\"shortcode_228374\">\n<div class=\"tve_flt\">\n<div id=\"tve_editor\" class=\"tve_shortcode_editor\">\n<div class=\"thrv-leads-form-box tve_no_drag tve_no_icons thrv_wrapper tve_editor_main_content thrv-leads-in-content tve_empty_dropzone\" data-css=\"tve-u-185a09262cb\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-185a09262d4\"><span data-css=\"tve-u-185a09262d5\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 No spam, no lies, only insights. You can unsubscribe at any time.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<blockquote>\n<p><span style=\"font-weight: 400\">Based on the data in hand at this moment, there appears to be a little turbulence ahead, so I currently favor a 25-basis point increase at the FOMC\u2019s next meeting at the end of this month.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">The cooling US dollar Index (DXY) has also been said to be a huge boost for Bitcoin. Analysts have observed that sentiments for Bitcoin increase whenever DXY retracts. Also, Bitcoin and major stock indices share a correlation coefficient. In this case, Bitcoin could surge with the bullish equities markets if the interest rate is favorable.\u00a0\u00a0<\/span><\/p>\n<p>Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.<\/p>\n<div class=\"nso_ad_under_article\"><a target=\"_blank\" href=\"https:\/\/www.pega-pool.com\/?utm_source=crypto-news-flash-com&amp;utm_medium=banner728x90&amp;utm_campaign=earlyaccess\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2022\/12\/72890-ea-a.gif\" \/><\/a><\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMihAFodHRwczovL3d3dy5jcnlwdG8tbmV3cy1mbGFzaC5jb20vdGhlc2UtYWx0Y29pbnMtYXJlLWdvaW5nLXRvLXB1bXAtYmVjYXVzZS1iaXRjb2luLWV0aGVyZXVtLWFuZC1saXRlY29pbi13aGFsZXMtYXJlLW9uLWJ1eWluZy1zcHJlZS_SAQA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A post on the Santiment Community platform titled \u201cThe Pump Hunter\u2019s Guide: How to spot and profit from artificially inflated crypto prices\u201d explains how Bitcoin, Ethereum, and Litecoin whales could impact upcoming price levels. Other experts have refused to link Bitcoin\u2019s current rally to the deliberate activities of whales. Most cryptocurrencies broke through multiple resistance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,50,3488,1582],"class_list":["post-42209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-bitcoin","tag-pump","tag-whales"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/01\/Bitcoin.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42209"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42209\/revisions"}],"predecessor-version":[{"id":42211,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42209\/revisions\/42211"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/42210"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42209"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}