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According to crypto tracker Santiment, #Bitcoin whales and sharks accumulated 40,557 BTC worth $821.50 million in the past week.
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According to crypto tracker Santiment, #Bitcoin whales and sharks accumulated 40,557 BTC worth $821.50 million in the past week.
THREAD ๐งต
Regardless of the uncertainty in the crypto market, this shows that #Bitcoin is an asset people fall back on in times of uncertainty.
The failure of #crypto-friendly banks like Silvergate and Signature Bank caused some initial turbulence but caused Bitcoin to pick up again.
The failure of #crypto-friendly banks like Silvergate and Signature Bank caused some initial turbulence but caused Bitcoin to pick up again.
The decentralization and resilience of #Bitcoin are evident in such situations. Bitcoin's on-chain transaction count and fees have improved since the start of the year, showing good health and this shows that the #Bitcoin network is strong.
Meanwhile, #Bitcoin's market cap has surpassed that of tech giant @Meta, widening the gap on @Visa.
The failure of these banks may cause more contagion in the future, affecting more companies in the crypto space.
The failure of these banks may cause more contagion in the future, affecting more companies in the crypto space.
Follow me @kesterbils for more content on #bitcoin, #macroeconomics, and #Cryptocurency
https://twitter.com/kesterbils/status/1635916799869853696?t=_-W68d8pg_b8t5Vz0x6jIA&s=19
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