According to on-chain analytics firm Santiment, a whale address received a transaction of 23,500 bitcoins worth more than $710 million. It was the fourth major move on record this year.
Now that BTC has breached the $30,000 price mark, big moves like this will become more frequent as the crowd splits into two camps. On April 11, bitcoin topped the $30,000 mark for the first time since June 2022, as investors continued to bet that easy monetary policy would help the cryptocurrency outperform this year. Interest from some investor groups in cryptocurrencies as an asset outside of banking and traditional finance may have contributed to the surge.
The bullish move faded as bitcoin fell below the key $30,000 threshold early Wednesday. However, at press time, the price was back above $30,150. Traders are likely to book profits ahead of the release of the US March consumer price index (CPI).
Analysts are also concerned about persistently subdued liquidity, which presents an opportunity for bears to squeeze prices, which could trigger an immediate reversal if the central bank persists in its fight against inflation.
Investors will be watching for new clues on the Fed’s monetary policy from Wednesday’s CPI data, Thursday’s FOMC meeting minutes and PPI inflation data, and Friday’s PPI inflation data, sales and user confidence data.
In a hopeful sign, analyst Ali reported that the Bitcoin network has hit an all-time high of 512,000 new addresses. The fact that more and more users are accepting Bitcoin may indicate that the price will increase in the future.
opinion leader Lark Davis Predicts Bitcoin Price
Popular crypto YouTuber Lark Davis has tweet Bitcoin Price Prediction Could Hit $1 Million – A Price That Many In The Crypto Space Would Like To See. However, he also pointed in another direction.
Essentially, Lark Davis issued a “popular” prediction, albeit with obvious irony, such as “Bitcoin can go up or down.” He came up with sky-high numbers to poke fun at those who believed BTC would hit $1 million and those who criticized Bitcoin heading to zero.
According to a recent report, former a16z partner and Coinbase CTO Balaji Srinivasan is betting that the leading digital currency will hit $1 million in the next 3 months. His main argument is the recent banking crisis in the United States, and more and more dollars will be printed after 2020. He bet on this price and promised to pay $1 million. If someone bets against him, la cannot be realized.
Earlier this month, Davis commented on rumors that the mysterious creator of Bitcoin, Satoshi Nakamoto, could be the late Apple co-founder Steve Jobs.
The influencer made this assumption because of the recent discovery of the Bitcoin white paper in the code of the Mac operating system. Additionally, Davis reminded the community that Satoshi Nakamoto chose to go “invisible” in 2010 and that Jobs died of cancer in 2011. He pointed out that the years were very close. He did a poll on his twitter. However, the majority of responses (37.9%) were against it. Overall, nearly 12,000 respondents participated in the survey.
- The giant Ethereum whale corrected its behavior in Shanghai ahead of schedule——Estimated to sell 170,000 ETH after the upgrade
- Some professional traders are skeptical that BTC prices will continue above $30,000
- Bitcoin hits $30,400 after US CPI release
According to Kyptos