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Bitcoin whales are busy buying BTC now that the Bitcoin price of the top crypto has dropped from an all-time high of nearly $65,000 to below $40,000. According to the crypto analytics firm Santiment, Bitcoin addresses holding 100 to 10,000 BTC added a total of 90,000 BTC in the last 25 days – currently valued at $3.38 billion.
The firm says this group of BTC holders now accounts for nearly half of the circulating supply of the benchmark cryptocurrency. “They now hold a 7-week high of 9.11 million BTC, currently worth a total of $366.89 billion at this time, and 48.7% of the total Bitcoin supply.”
In other trending Bitcoin News Today: Ethereum Clear Front Runner in Crypto Adoption, Accelerating Faster Than Bitcoin: Macro Guru Raoul Pal
Real Vision founder and macro analyst Raoul Pal says Ethereum is beating Bitcoin in the race for widespread user adoption. In a new interview on UpOnly, Pal highlights the key criteria underscoring Ethereum’s popularity and an adoption rate that is far outperforming Bitcoin.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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