HomeBitcoinWhale activity helped Bitcoin go up in price again. It reached a...

Whale activity helped Bitcoin go up in price again. It reached a resistance point of $45,000.

-

Bitcoin, the biggest digital money, is in the news again because its price is getting close to $45,000. The digital money’s price went up to more than $44,500, showing that the cryptocurrency market is getting stronger.

Bitcoin has reached the value of $45,000.

The price went up because big Bitcoin investors made a lot of moves that changed how the market works.

SpotOnChain says that two big investors took out 2,320. 2 BTC from Binance, which is worth about $100 million when the price was $43,107. This withdrawal happened just before the market’s prices went up and down.

#Bitcoin price is back above $44,500!

Two fresh whales jointly withdrew 2,320.2 $BTC ($100M) from #Binance at $43,107 ~9 hours ago, right before the price surged.

Their estimated profit is now $3.49M (+3.49%).

More details: https://t.co/UsdQLc1iyI pic.twitter.com/GRuWtKjLak

— Spot On Chain (@spotonchain) February 8, 2024

This action made about $3. 49 million in profit, which is a 3. 49% increase It shows how much power big investors have in the market.

The market is feeling hopeful right now, but it’s hard to predict what will happen with Bitcoin, especially with the halving event coming up in April.

New information shows that miners are holding less Bitcoin, which could make Bitcoin’s price go down.

Since the start of 2024, the amount of tokens that miners have has gone down by 8,400, reaching levels that were last seen in June 2021.

The sale is meant to help miners improve their finances and prepare for a decrease in mining profits. This shows how hard it is for miners right now.

As Bitcoin keeps changing a lot, people who trade in the market are watching it closely because the cryptocurrency world can change quickly.

Warning: This is not a suggestion about what to do with your money.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

A well-known expert thinks the price of Bitcoin will reach $64,000 in 2025.

In a big deal, Bitcoin went past $64,000 on Thursday, which hasn't happened in over two years. Bitcoin is doing really well right now. Its...

EOS shows it is keeping 2 million EOS safe.

In the ever-changing world of decentralized finance (DeFi), protecting digital assets is most important. Recent EOS events demonstrate the importance of strong security. The recovery...

AI is the future for making diets and preventing diseases that are made specifically for each person.

AI is being used to make diet plans that are personalized and can help you lose weight and stop illnesses like Alzheimer's and cancer. ...

Strike CEO Jack Mallers says company will start offering services in Africa.

Today, Jack Mallers, the CEO of Strike, has announced the expansion of Strike's suite of Bitcoin services into several African markets. I just published Announcing Strike...

Most Popular

ADVERTISE HERE