Today, as the Bitcoin rally continues, whales are pumping in enormous amount of their wealth into the space. As at the time of writing, researchers are insinuating that whales are pumping multi million dollars’ worth of Bitcoin into the space.
While the reasons behind this may not be clear, Binance has benefited the most from this whales’ Bitcoin transfer.
According to CoinNess, nothing less than 100,000 BTC have been moved to a Binance address 1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s. CoinNess.com contacted Binance and was told it was an internal transfer.
Meanwhile, Bitcoin bear seems to be over. Crypto experts are beginning to rejoice on the latest trend followed by BTC and some other cryptocurrencies.
Venture Capital investor, Pompliano inferred, due to the present crypto market situation, that “Bitcoin is back”.
Bitcoin In the Cryptocurrency Market
Bitcoin has seen a huge upsurge in the last 24 hrs. As at the time of writing, the digital asset is changing hands at $4,724, after seeing over 14% price increase.
Now BTC dominance is %1% with a market cap of $83 billion and a market volume of $17 billion in the last 24 hours.
There is no gainsaying that BTC is stylishly returning to its 2017 condition and may soon touch the $5,100 cap before jumping to $6,000 as predicted by well-meaning analysts.
Few days back, Today’s Gazette quoted a prediction made by ScienceGuy9489 and shared by Jason A. Williams, a cryptocurrency expert, co-founder and partner at Morgan Creek Digital, where it was stated that the price of Bitcoin could reach $28K on April 11 and Ethereum price could touch $2,090 by April 24.
The analyst added to his bold claim that Litecoin price could also touch $650 this April or May 2019. As the date draws near, all hands are on desk to see the prediction come to fruition.
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