Here are the three biggest stories from last weekend brought to you by U.Today.
Here are the three biggest stories from last weekend brought to you by U.Today.
671,000 BTC bought by millions of Bitcoin addresses in this massive demand zone
Since the last days of February, Bitcoin continues to delight its investors by getting closer and closer to new price highs. The largest cryptocurrency ended last month up 45%, marking its best result since December 2020 and the sixth consecutive monthly increase. This increase could have been Influenced, among other things, due to the massive demand for Bitcoin from a large number of investors who bought BTC in a key price range. Cryptoanalyst Ali wrote in his recent x publication, citing data from IntoTheBlock, that Bitcoin “remains above a massive wall of support, with 1 million addresses purchasing over 671,000 BTC within the $60,334 to $62,155 price range.” In Ali’s view, this demonstrates substantial investor confidence and may provide a critical level of support for Bitcoin, thus preventing further declines. At the time of writing, BTC is changing hands at $66,050, up 6.16% in the last 24 hours.
Dogecoin (DOGE) Rally Leaves 80% of Investors With Profits
According to data provided by IntoTheBlock, thanks to the recent rally experienced by Dogecoin, more than 80% of its investors were in profit, indicating a major change in the dynamics of the digital currency market. Furthermore, as the platform noted, the percentage of large Dogecoin holders, also known as whales, reaches an impressive 65%, illustrating the impact these major players have on the currency’s market fluctuations. Dogecoin’s price trajectory last week was quite spectacular: in the last seven days, the dog-themed cryptocurrency rose 95.98%; Such an increase in price and investor profits can be explained by several reasons, such as its increasing widespread acceptance and the speculative dynamics inherent in the cryptocurrency market.
3 Billion SHIB Moved to Robinhood Address as Shiba Inu Price Jumps 70%
Saturday March 2 a massive transaction Crypto data tracker Whale Alert detected him carrying three billion SHIB tokens worth around $50 million. “3,023,255,579,400 SHIB ($49,933,096) was transferred from an unknown wallet to an unknown wallet,” reads the Whale Alert report on platform huge amount of SHIB to an address called Robinhood. Robinhood’s acquisition of SHIB came amid an incredible surge in the value of the token, which had risen more than 70% at the time of the transfer and hit a high of $0.00002888 in early trading on Saturday. In addition to its price success, SHIB has managed to rise to eleventh position in the market capitalization ranking, surpassing such prominent cryptocurrencies as Dogecoin, Ethereum and Bitcoin. SHIB is currently trading at $0.00002906, up 33.69% in the last 24 hours, according to CoinMarketCap.
