Big news in the world of Bitcoin! Recently, some really big investors, called 'whales,' have been buying and selling a lot of Bitcoin on one website called Coinbase. This has made the price of Bitcoin go up and down quite a bit.
It's kind of like a seesaw; sometimes the price goes up, sometimes it goes down. Experts are trying to understand what's happening.
Let's learn more about what's been happening lately.
- Big investors on Coinbase are influencing Bitcoin's price.
- Lots of Bitcoin left some special investment funds (ETFs).
- Not everyone is holding Bitcoin for a long time; some are just trading it.
- Worries about the economy are also making the price change.
| Fact | Number |
|---|---|
| Coinbase's share of Bitcoin trading | Over 30% |
| Money leaving Bitcoin ETFs in one day | $937.78 million |
| Percentage of ETF inflows for long-term | 44% |
| Total money into Bitcoin ETFs since January 2024 | $38.6 billion |
