Bitcoin Surges Past $69,000, Whales Buy $1.34 Billion BTC! CryptoQuant: Major Holders Accelerate Accumulation
Bitcoin surged past $69,000 late on Friday night.
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Bitcoin surged past $69,000 late on Friday night.
May 22 is "Bitcoin Pizza Day," commemorating the historic event in 2010 when 10,000 bitcoins were used to purchase two Papa John's pizzas. From $41 worth of pizza to $700 million in wealth, Bitcoin's price surge over the past 15 years has proven it to be the best-performing financial asset in history.
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Bitcoin ETF inflows plummeted by 80% to $132 million on March 14, following a record-breaking Tuesday with $1.05 billion. Market volatility and regulatory concerns contribute to investor caution amid price fluctuations.
Bitcoin's price has been soaring since its launch in 2008. Early investors are now reaping returns in the millions of dollars. Nevertheless, its volatility and regulatory uncertainty remain significant risks for investors.
A trader turned $900 into $3.47 million in five days by trading Solana's meme token ANALOS, achieving a profit over 3,800 times their initial investment.
MATIC, the native cryptocurrency of Polygon, has recently gained traction, showing a 50% increase in price surge in the last 20 days, amid the optimistic trend circling the cryptocurrency market due to the recently finished Uptober rally.
According to Breedlove, his model places Bitcoin to trade at $12.5 million by 2031, a value equivalent to $1 million based on today’s purchasing power.
The Crema Finance team awarded the hacker who made off with nearly $10 million in funds from the protocol 16.7% of the stolen funds as a white hat bounty.
The U.S. dollar index could rally further in the coming weeks, which is typically bad news for Bitcoin.