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The value of bitcoin (BTC) has risen over the past few days to its highest level since mid-April 2021.
Last weekend, the cryptocurrency was able to gain a foothold at $60,000, and now it is trying to break even higher.
On the night of Monday, October 18, the BTC exchange rate strengthened to $ 60,100. The capitalization of the cryptocurrency now exceeds $ 1.143 trillion.
Capital mainly enters bitcoin, as other digital currencies have been stagnating since Friday. Ether (ETH) and Binance Coin (BNB) are stuck at $3,790 and $465 respectively. The value of all cryptocurrencies is about $2.464 trillion.
The WhaleMap team studying whale activity found out that the $29,000 mark has become a new bottom for bitcoin. A large number of large investors have acquired cryptocurrency in this area, according to the experts’ report. These whales will not allow BTC to fall below $29,000 and will support the coin in the event of new collapse risks.
Analyst Ali Martinez also draws attention to the activation of large addresses. He found out that the number of transactions in the amount of $100,000 has increased dramatically on the network. Such data indicate the arrival of institutions in the cryptosphere, ready for further purchases.
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