- At the current BTC/USD conversion rate, this amount is worth $1,135,160,000.
- According to CMC, the Bitcoin price today is $21,839.86 USD.
Owners of wallets containing between 10 and 100 Bitcoins have been aggressively purchasing the most popular digital currency during the last month, according to a tweet from Santiment, an on-chain data firm.
🦈 #Bitcoin addresses holding between 10 to 100 $BTC have been stacking #Satoshis on this dip, and have collectively upped their holdings to 4.29M $BTC. In the past 5 weeks, as prices have retraced -27%, they have added 52K more coins to their wallets. https://t.co/lgKK1iP8Pr pic.twitter.com/FqIH57BGnb
— Santiment (@santimentfeed) July 9, 2022
During the previous five weeks, the Santiment analytics team tweeted that 52,000 Bitcoins have been contributed to the above crypto wallets. At the current BTC/USD conversion rate, this amount is worth $1,135,160,000. Bitcoin was going at a discount of around 27% from its prior highs at the time.
Optimistic Sentiments Across Investors
As a result of these purchases, the total number of BTC sharks’ primary cryptocurrency has risen to an astounding 4.29 million coins. An employment report on July 7 sparked an increase in the value of Bitcoin and other cryptocurrencies by almost 7%, coupled with an overall rise in the stock market.
Bitcoin prices have risen from the $20,500 area to above $21,100. BTC is now trading at $21,830, according to data from CMC. Furthermore, according to Michael Saylor, CEO of MicroStrategy, a business intelligence software company and a notable Bitcoin investor and enthusiast, his company’s stock has risen about 80 percent since he began his company’s Bitcoin trip back in August 2020.
According to Saylor’s tweet, Bitcoin soared 83 percent, while the S&P 500 gained 16 percent and the Nasdaq 100 gained only 6 percent. It’s been a rough few months for the major challenger to Bitcoin as a store of wealth, gold; it’s lost 14% of its value, and silver has lost 33%.
According to CMC, the Bitcoin price today is $21,839.86 USD with a 24-hour trading volume of $30,758,353,001 USD. Bitcoin is up 0.06% in the last 24 hours.
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