Third largest BTC whale buys more $ 137 million worth of BTC

The third largest BTC whale bought another $ 137 million BTC at a cost of $ 50,000 as the number one cryptocurrency began to rebound. So keep reading on the latest BTC price news today.

The third largest BTC whale garnered over 2,700 coins in a single day as the cryptocurrency surged above $ 50,000, causing mysterious investors to buy over 5,600 BTC in the past two weeks. In the past few days, BTC has cooled off as it dropped from $ 58,000 to $ 42,000 on Saturday. However, the whale remained silent during the crash and did not make any purchases in a known wallet. As BTC began to bounce back and regain its $ 50,000 position, the company started piling up so it has now bought 2,702 coins at an average price of $ 50,621, meaning it has around $ 140 million Dollars a year spent.

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A CryptoQuant analyst pointed out that this whale has accumulated 5,624 BTC since November, which is worth $ 290 million at today’s prices. The analyst added that this is officially the highest amount ever held in a wallet of 118,017, given that whales have spent around $ 2.5 billion. The previous record was set in July when the asset fell below $ 30,000.

As reported recently, after the recent decline when BTC was sold below $ 50,000, the cryptocurrency has finally risen and regained levels while altcoins have also been in the green and making a profit. Some of the most impressive wins are clearly from Cardano, Ethereum, Solana, Polkadot, Avalanche and more, but if you want to see the real-time value of Ethereum then you should check out our Ethereum price calculator. The past few days have not gone smoothly for the big cryptocurrency as the asset fell $ 16,000 to a monthly low of $ 42,000 in a matter of hours. BTC rallied to $ 50,000 over the weekend, but the bears didn’t let the price jump above the level, so subsequent rejection only pushed it back to $ 47,000.

The dominance of the BTC market decreased over the weekend, but the dominance of the Ethereum market increased. During the weekend’s crypto crash, Bitcoin’s market dominance fell to an unprecedented low. The entire market was hit at one point on Saturday, with the market dominance of the first and largest cryptocurrency at 38.32%. The only time it hit this low was in May when it hit 37.76%, according to CoinGecko. This isn’t far from its lowest-ever dominance in 2018 when it hit 33%, but in 2018 Bitcoin is hovering at around 40%