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Cryptocurrency News Articles
Bitcoin Whales Accumulate 70,000 BTC as Price Surges Beyond $98,000
Jan 04, 2025 at 03:31 pm
Bitcoin Whales Accumulated Over 70,000 BTC Amid Price Rise
Bitcoin whales have reportedly accumulated over 70,000 BTC as the cryptocurrency's price surged beyond the USD 98,000 mark on January 4, 2025.
This accumulation by large Bitcoin holders comes amid a surge in the cryptocurrency's value, which has seen it hit record highs in recent months. Bitcoin's price has been on a roller coaster ride, with sharp fluctuations and moments of relative stability. After reaching a peak of USD 1,07,000, the prices experienced a downturn, slipping below the psychological threshold of USD 93,000. However, the latest surge seems to be creating a bullish trend in the market.
Earlier this year, on January 3, Bitcoin's value surged and hit the USD 97,000 mark, as reported by several sources. This price increase, coupled with the accumulation by Bitcoin whales, could be a significant factor in shaping the cryptocurrency's trajectory this year.
According to experts, Bitcoin's value is expected to rise this year and hit a record-breaking USD 2,00,000 mark.
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- The Cryptocurrency Market Is Shaking Up as Major Crypto Assets Face Declines: What to Watch for in 2025
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