Bitcoin is pushing toward the $70,000 mark as cooling Consumer Price Index (CPI) figures and increased accumulation by large Bitcoin holders, known as “whales,” contribute to this upward trend, according to Santiment. This comes at a time when recent US CPI reports indicate a slowdown in inflation, which has bolstered investor confidence in riskier assets such as cryptocurrencies.
Santiment reports Bitcoin nears $70K as whale activities rise
