As we reported last night, it’s shaping up to be a great week for cryptocurrency traders. Bitcoin broke through $60,000 on Friday, hitting an intraday high of around $60,650. With a small correction, BTC is now trading right around $60,000.
LookOnChain just reported that a crypto whale bought another 1,062 BTC ($63.96 million) 25 minutes ago! This whale now holds 10,043 BTC ($603.84 million).
After BTC price crossed $60,000, this whale bought another 1,062 BTC ($63.96 million) 25 minutes ago! Currently, this whale holds 10,043 BTC ($603.84 million).
The cryptocurrency market is known for its rapid changes in momentum, and right now, market sentiment is clearly bullish. This sudden surge in positive market sentiment could be due to a number of factors, creating a perfect storm for Bitcoin price to rise.
It appears that yesterday’s $1.1 billion purchase of Bitcoin by MicroStrategy, along with other factors such as high trading volumes of Bitcoin ETFs, has created positive momentum. These events have contributed to a renewed confidence among investors and traders, pushing Bitcoin prices to levels not seen in recent months.
