Friday, January 8, 2021

Breaking: Bitcoin on a grand slam win, trading at $41,200

Bitcoin is up 10.69% for the day and presently has a market value of $766,476,206,444 USD.
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The world’s most popular crypto, Bitcoin is under insane buying pressure from global investors.

What you should know: At the time of writing this report, Bitcoin traded at $41,220.86 with a daily trading volume of $96.4 billion and is up 10.69% for the day.

  • It presently has a market value of $766,476,206,444.
  • After dropping as much as 10% from its previous all-time highs a day before, the flagship crypto paused to stay lower only for a matter of few hours before a stronger bullish momentum began.
  • Thereafter, Bitcoin not only matched its all-time highs but delivered a new one — $41,220.

Also, data retrieved from Glassnode showed institutional investors are largely responsible for the strong bullish momentum in play as the number of Addresses Holding 1,000+ Bitcoins just reached an all-time high of 2,376.

  • The previous ATH of 2,362 was observed earlier today.
  • Metric Description: The number of unique addresses holding at least 1,000 Bitcoins.

 

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