Price analysis 9/9: BTC, ETH, XRP, LINK, BCH, DOT, BNB, BSV, LTC, CRO
Cointelegraph
Published Sep 09, 2020 02:08PM ET
Updated Sep 09, 2020 03:40PM ET
The short-term gyrations in crypto and stock prices are usually based on sentiment and technicals, while the long-term trends generally follow stronger underlying fundamentals. Therefore, if the fundamentals do not weaken, smart investors view short sharp corrections as a buying opportunity.
Data suggests that large investors, oftentimes dubbed ‘whales’, have been accumulating Bitcoin (BTC) since March. Along with them, several new small traders have also been buying Bitcoin and this suggests that retail and high net worth traders believe that Bitcoin will work as a store of value during the next crisis.
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Written By: Cointelegraph
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