Cryptocurrency News Today TheBitTimes.com

The cryptocurrency market is reaping the rewards of a long-awaited bull run — one that kicked off in early November following the re-election of Donald Trump to the presidency.  While it wasn’t completely smooth sailing, with the leading digital asset hitting several speed bumps on its way to $100,000, Bitcoin (BTC) has now surpassed that mark, and was trading at approximately $104,807 by press time on December 16.  Over the last week, BTC has seen prices rise by 6.52% — bolstering monthly returns to 14.78% and year-to-date (YTD) gains up to 146.81%. Picks for you Crypto lobbyist reveals unbelievable Bitcoin 2025 price target 8 mins ago Xandeum wraps up Solana staking program with 205M XAND distributed in rewards ...

As per data from Santiment, addresses holding between 10 to 10,000 Bitcoins have accumulated 71,000 coins over the past three weeks. The data provider noted: advertisement Bitcoin’s sharks and whales aren’t showing any signs of slowing down, even with prices beginning to get “boring” in this $30k to $31k range. Since June 17th, 10 to 10k $BTC addresses have accumulated 71k more coins, equating to $2.15 billion. Courtesy: Santiment However, after hitting $31,000 last Monday, Bitcoin has continued to faced selling pressure and has moved closer to $30,000. But another positive on-chain indicator for Bitcoin has been the drop in the BTC exchange re serve metric over the past month. This hints at a bullish sentiment among market participants. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must R...

Whale Transaction History After transferring 31000 Bitcoin s to cold wallet, worth over $822 million, they hold BTC in these two wallets: advertisement 20,000 BTC in 31pCdkyF6Ep8UkzpkWpv3SMbY3C5s7VhXL 11,200 BTC in 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN The trading firm’s BTC holdings were stored in wallets that had remained inactive since late 2022. These wallets received a substantial sum of 21,600 BTC directly from popular exchanges Binance and Huobi in early October 2022. It is worth noting that Binance, one of the leading cryptocurrency exchanges, played a significant role in facilitating the movement of BTC for this trading firm. As FTX, a prominent crypto exchange, temporarily halted withdrawals in early November, the trading firm withdrew an additional 15,000 BTC from their Binance account. This withdrawal further contributed to the movement of funds from their active exchange accounts to their cold wallets, ensuring enhanced security and control o...