Bitcoin price has struggled to break above the $35,000 resistance due to selling pressure from Bitcoin whales. These large institutional investors have sold off 40,000 BTC worth $1.4 billion, causing the price stagnation. However, the selling frenzy has slowed down, indicating that investors may be consolidating and waiting for the next market signal. Strategic investors are closely watching the upcoming FOMC meeting for interest rate announcements, which could influence the actions of crypto whales. In other news, XRP has seen a 7% rise, and investor confidence in TON has been reignited after the launch of its self-custodial digital wallet.
AI Sentiment: Positive
