Bitcoin (BTC) price looks tired on the first trading day of the new month. The price opened higher but was not able to sustain the higher levels. At the press time, BTC/USD is trading at $38,272.03, down 0.56% for the day.
Bitcoin’s (BTC) price makes a sluggish start in February.
The price seeks some catalyst to fuel the upside rally.
US Dollar Index remains reclusive below 97.0 supporting BTC near supply zone.
A $3.55B worth of Bitcoin moved by hackers from the 2016 Bitfinex hack
Blockchain analytics firm Elliptic reported on Tuesday morning 94,643.29 bitcoins ($3.55 billion) have been moved in 26 transactions, from a wallet associated with a theft from Bitfinex in 2016 to a new address. However, in April most of the bitcoin associated with the Bitfinex hack is widely tracked and blacklisted.
Source: Trading view
On the daily chart, Bitcoin’s (BTC) price has been struggling below the 20/50/100/200 EMA (Exponential Moving Average). Buyers should capitalize the upside momentum i
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