Long-Term BTC Holders Capitulating at Unprecedented Rate; MicroStrategy Discloses Balance Sheet
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On Wednesday, the broader crypto market continued its downward spiral as investors are nervously awaiting the U.S. central bank's decision with regard to another half-point rate hike this month. As of the time of writing, BTC is hovering near the $38k support level after shedding 1.15% of its market value in the last 24 hours. The largest cryptocurrency by market cap has been struggling to print any bullish patterns on its multi-timeframe charts, and is looking odds on to suffer a further pullback due to rising volatility.