The brake on Bitcoin makes it trade closer to $45,000 than the $50,000 milestone that it was betting it would break.
But the EU decision brought anger and concern among investors, causing the price of almost the entire cryptocurrency market to be in the red today.
Since Russia invaded Ukraine on February 24, Bitcoin addresses holding 1,000 to 10,000 tokens, so-called ‘whales’, soared 9%, according to data from the blockchain analysis platform Santiment. These are wallets holding hundreds of thousands of dollars in the queen of crypto, still buying tokens at current prices. Currently, there are more than 2,200 addresses holding 1,000 to 10,000 BTC, the highest level in 12 months. This build-up phase for whales is often followed by a huge price boost.
A paradoxical situation occurs between Solana, Terra and Avalanche in recent weeks. While they do have their differences, the native blockchain currencies (SOL, LUNA, and AVAX respectively) recently converged in price, showing that investors may not find much value in differentiating between the three potential Ethereum killers. The three blockchains are also close competitors when it comes to market cap, especially Solana and Terra. While Solana held the lead earlier in the year, recent gains have seen Luna overtake her, though once again the competition is close.
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Source: Ambito
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