general

Return of the whale pool pushes Bitcoin above $51,000 and most altcoins recover

Return of the whale pool pushes Bitcoin above $51,000 and most altcoins recover

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer Return of the whale pool pushes Bitcoin above $51,000 and most altcoins recover

After a brutal sale in the past four days.

The world’s largest cryptocurrency showed a recovery with a gain of 5.5%.

Bitcoin price rose again above its 200-day moving average of $50,000.

At the time of preparing this article, Bitcoin is trading up 5.5% at $51,130 with a total market capitalization just under $1 trillion.

Amid the recent market sell-off, Bitcoin tested its support at $43,500.

before you bounce back.

During this price correction, massive bitcoin whale addresses have accumulated in a big way.

As the data platform Santiment explains:

Source: Santiment

Bitcoin bounced back to $50.1K on Monday, and whales capitalized on the drop largely.

Read:“Time” magazine announces the start of accepting the digital currency “ApeCoin”

Ranging from dump to $43.5K, addresses containing 100 to 10,000 BTC amassed over 67K BTC after the price drop.

We also know that Bitcoin and the broader crypto market have been under pressure, with the spread of the “Omicron” coronavirus mutant.

Speaking to BloombergChris Klein, COO and Co-Founder of Bitcoin IRA, said:

There is a sense of uncertainty across the markets as the year comes to an end.

This is a healthy pullback as all markets look to readjust to the new Fed policies, inflation and Corona fears.

Inflation isn’t going away anytime soon, and investors are noticing that, and are looking to hedge with tools like cryptocurrencies.

With Bitcoin gaining global fame, more and more countries are looking to absorb this new asset class.

According to the latest report, Colombia’s largest bank, Bancolombia, is looking to facilitate bitcoin trading for its customers.

This bank has teamed up with cryptocurrency exchange Gemini to facilitate bitcoin trading.

Interestingly, this partnership is part of a government-sponsored pilot program and will be launched on December 14.

Read:Cardano collaborates with global digital finance companies to shape regulatory policies

The Colombian government offered this one-year pilot program via the country’s financial regulator.

The new measure from the Colombian bank will help bring Bitcoin and other cryptocurrencies to citizens in a more visible way.

Read also:

Binance announces the IPO of Voxies and its digital currency VOXEL

CME Group Launches “Micro ETH” Futures Contract…Details Here


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
“OpenSea” appoints a new chief financial officer, amid expectations that it is preparing for its IPO
Next post
Binance announces the IPO of Voxies and its digital currency VOXEL