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Bitcoin [BTC]: Path to $30k faces hurdles as whales drive March madness
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Since Bitcoin [BTC] surged past the $27,000 mark in March, many have wondered when it would reach the coveted $30,000 milestone. Unfortunately, this month also saw a surge in the number of massive transactions made by whales, which could make it more challenging for Bitcoin to reach that new price range.
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Santiment’s data revealed a substantial transaction of 20,000 BTCs executed on 31 March. Notably, this transaction is one of the top five largest transactions made during the month. These latest transactions have pushed March to become the month with the highest BTC transactions in the first quarter of 2023.
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