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The former BitMEX CEO urged retail traders trader to “opt-out” of the legacy financial system in favor of “Crypto Capital Markets”:
The number of whale addresses holding Bitcoin (BTC) have hit a new all-time high, the latest data shows. This can be considered bullish particularly as the price of BTC is showing staying power above $50,000.
Currently the coin is available for approx 0.24$ which is still an acceptable rate.
Following a Tuesday announcement that MicroStrategy would be planning to buy $600 million in Bitcoin (BTC) through a sale of converible notes, the business intelligence firm has upped the ante by another $300 million.
Musk responded to comments made by Binance CEO Changpeng Zhao to bloomberg in which CZ implied that Tesla's recent decision to invest $1.5 billion into Bitcoin likely evidenced Musk's deep support for Bitcoin.
Data from Cointelegraph Markets and Tradingview shows that the price of CAKE has risen 520% since reaching a low of $1.89 on Feb. 3 to establish a new all-time high of $11.12 on Feb. 17. This propelled its total market cap above $1 billion for the first time.
The steep increase in mid December marks the point when BTC crossed $20,000 – making all early miner addresses (50 BTC rewards) millionaire addresses.
SEC commissioner Hester Peirce believes that clear cryptocurrency rules are needed now more than ever due to firms like Tesla and Mastercard actively embracing the alternative asset class.
Based on both on-chain metrics and trading perspective, there are encouraging signals that $2,000 is within reach and that dips are being bought up aggressively.
On-chain analytics provider, Glassnode, has published data revealing that Bitcoin miners are accumulating while long-term investors are taking profits.
Glassnode, has published data revealing that Bitcoin miners are accumulating while long-term investors are taking profits. Despite January seeing heavy selling from miners, Glassnode’s report shows that miner outflows have dried up during February so far.