Bitcoin whales enjoy $1.5B feast on price dip before market recovers

Bitcoin's continued recovery in the past 24 hours has given analysts and traders cause to look behind the curtain of the market. It seems that Bitcoin whales aggressively took advantage of the panic-selling we saw when Bitcoin fell close to $90,000, scooping up $1.5 billion worth. Also on Bitcoin, the Cardano founder said Bitcoin DeFi will eclipse the rest of crypto DeFi within the next few years, helping propel the price ever higher. Elsewhere, open interest for Ethereum has been growing rapidly, overtaking Bitcoin by a decent margin, which may hint at a $4,000 price tag some day soon, and an ex-Binance employee sued the UK arm of the exchange for unfair dismissal while alleging bribery.Further reading:Bitcoin price retains 8% gains as attention switches to Ethereum comebackBitcoin whales 'took advantage' of $90K BTC price dip, scooping up $1.5BCardano founder predicts Bitcoin DeFi will dominate crypto within 3 yearsEther to breach $4K before Trump’s inauguration — AnalystEx-Binance employee sues UK exchange, alleging bribery: Report Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.