New Bitcoin whales join the market as Ethereum loses inflation to BTC
The post New Bitcoin whales join the market as Ethereum loses inflation to BTC appeared on BitcoinEthereumNews.com. Bitcoin and Ethereum have been in a battle for the top spot as the leading crypto in the digital market. Recent events have proven both digital assets to be resilient assets in the saturated market. Over 15 new whales have joined the market and backed Bitcoin, owning over 100 BTC, elevating the asset’s credibility as a good investment. On the other hand, Ethereum’s inflation, seen since late last year, is currently losing to Bitcoin, as its price ranges below the support. Regardless, both assets still show promise in being lucrative investments, with Bitcoin taking the lead in a market cap of $559 billion as of mid-2023. Crypto whales owning BTC and ETH Bitcoin, the first-generation crypto, has long had solid inventors as it keeps showing promise in the market. Currently, new wallets have been identified, owning large sums of Bitcoin, ranging from 100 to 1000 BTC. According to recent data, 16 newly identified wallets own this number of BTC. As such, this implies a bullish trend for the first generation of crypto. Since the first quarter of last year, the crypto realm has seen an interesting surge in investments as both sharks and whales accumulate a minimum of 10 BTC. In the past 20 months, over 11,800 addresses have been recorded crossing this level, representing an 8.12% increase in shark and whale wallet holders. On the other hand, Ethereum has witnessed a decline in its whale account holders. Ethereum Whales are considered account holders with over 1000 ETH. The number of these holders has seen a decline over the past 3 years. This is a result of Ethereum whales offloading over 20 million ETH, suggesting a shift of confidence in the digital asset. Considering this, it’s evident that Bitcoin whales backing BTC have shifted Bitcoin’s growth to a stable market…
The post New Bitcoin whales join the market as Ethereum loses inflation to BTC appeared on BitcoinEthereumNews.com.
Bitcoin and Ethereum have been in a battle for the top spot as the leading crypto in the digital market. Recent events have proven both digital assets to be resilient assets in the saturated market. Over 15 new whales have joined the market and backed Bitcoin, owning over 100 BTC, elevating the asset’s credibility as a good investment. On the other hand, Ethereum’s inflation, seen since late last year, is currently losing to Bitcoin, as its price ranges below the support. Regardless, both assets still show promise in being lucrative investments, with Bitcoin taking the lead in a market cap of $559 billion as of mid-2023. Crypto whales owning BTC and ETH Bitcoin, the first-generation crypto, has long had solid inventors as it keeps showing promise in the market. Currently, new wallets have been identified, owning large sums of Bitcoin, ranging from 100 to 1000 BTC. According to recent data, 16 newly identified wallets own this number of BTC. As such, this implies a bullish trend for the first generation of crypto. Since the first quarter of last year, the crypto realm has seen an interesting surge in investments as both sharks and whales accumulate a minimum of 10 BTC. In the past 20 months, over 11,800 addresses have been recorded crossing this level, representing an 8.12% increase in shark and whale wallet holders. On the other hand, Ethereum has witnessed a decline in its whale account holders. Ethereum Whales are considered account holders with over 1000 ETH. The number of these holders has seen a decline over the past 3 years. This is a result of Ethereum whales offloading over 20 million ETH, suggesting a shift of confidence in the digital asset. Considering this, it’s evident that Bitcoin whales backing BTC have shifted Bitcoin’s growth to a stable market…
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