02 Sep Bitcoin Price Rise Above $ 50k
Bitcoin Price Stock news :- Bitcoin is picking up steam after rallying to three and a half month highs on Wednesday.The largest cryptocurrency by market value for the first time since August crossed the $ 50,000 mark.
Bitcoin Rising Price News
The rise came the day after Ether, the native token on the Ethereum blockchain, surpassed $ 3,800 and peaked since mid-May. one-day gains since July 21 and analysts expect the gains to continue.
Bitcoin is also heading north and the data points to bullish sentiment among large investors. (CFTC) on Friday showed asset managers with record long positions of $ 165 million.
“For the first time since April, the risks of net asset managers are positive, indicating that institutions are optimistic about bitcoin,” Arcane Research said in a weekly report.
Some observers cite the recent drop in Nasdaq-listed Bitcoin balances as evidence of renewed demand from large investors.
Nasdaq Bitcoin Price Stock News
Exits from are often made to represent institutional needs as the exchange offers escrow solutions that are directly integrated with its over-the-counter (OTC) exchange. Institutions usually conduct over-the-counter transactions so as not to affect the prices of the spot market. However, some observers question optimistic theory.
Galen Moore noted in April that stablecoins have replaced Bitcoin as the dominant trading currency, and the exit reflects this trend. However, other blockchain metrics point to new accumulation on the part of investors. Bitcoin at addresses between 100 and 10,000 BTC has risen over the past week, indicating renewed confidence among some Bitcoin whales.
After an unstable start to the month, the aggregate balances of these holders have grown by about 30,000 BTC [$ 1.5 billion] over the past 7 days and now represent 48.95% of the total. Bitcoin Performance ”, the Sant Sample Address metric is not a perfect indicator as one investor can have multiple addresses.
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