$102,579.00
-1.40%$2,482.94
1.20%$2.58
10.24%$663.23
1.97%$173.92
2.30%$0.999904
-0.00%$0.231861
2.82%$0.820489
4.27%$0.274614
5.45%$2,480.99
1.18%$102,552.00
-1.41%$3.93
0.66%$16.82
1.70%$2,989.42
0.97%$24.64
1.55%$0.320951
6.08%$0.00001595
1.44%$0.217952
7.82%$3.41
0.91%$24.43
1.62%$408.21
0.79%$1.14
6.76%$8.49
2.02%$5.10
1.40%$0.999757
-0.02%$100.24
1.44%$2,479.84
1.07%$336.56
0.89%$2,653.66
0.85%$0.00001375
4.13%$4.73
-1.59%$1.001
-0.20%$1.00
0.05%$102,587.00
-1.19%$30.18
0.27%$6.89
2.02%$451.71
1.94%$3.13
1.29%$5.85
0.40%$218.37
1.07%$54.59
-0.50%$1.026
1.40%$0.118292
10.39%$5.77
2.96%$19.72
0.54%$1.00
0.00%$0.098946
1.12%$34.61
1.62%$0.03138175
3.61%$0.796238
0.72%$5.18
2.18%$21.78
0.14%$13.07
-3.62%$1.051
0.00%$5.26
1.13%$0.39818
0.25%$0.258838
1.71%$0.845161
0.81%$1.004
0.28%$0.245323
3.41%$0.439179
-0.88%$3.13
1.00%$1.17
0.03%$102,430.00
-1.32%$3.11
-0.73%$4.36
-0.03%$0.58651
2.35%$1.29
5.18%$0.0000223
3.91%$0.552181
0.45%$4.57
1.09%$0.994643
0.03%$1,805.14
0.73%$2,481.18
1.17%$0.978331
-1.18%$98.24
0.72%$183.22
2.42%$11.33
1.01%$2,584.75
1.40%$0.845024
0.40%$1.36
5.41%$0.885894
1.26%$0.258058
1.43%$0.01995983
2.20%$13.27
2.52%$1.97
4.15%$0.701316
-1.40%$1.26
-0.20%$4.57
-1.52%$0.075203
0.34%$2,819.72
1.32%$1.13
27.27%$0.117682
1.43%$0.00011367
10.35%$1.001
-0.05%$102,516.00
-1.44%$0.75865
0.64%$1.001
2.45%$0.02207915
2.70%$1.074
-0.88%$0.0198275
7.56%$662.86
1.88%$224.67
2.27%$2,640.35
1.58%$0.9999
0.02%$1.00
-0.09%$192.67
2.31%$3.03
-0.14%$0.357926
2.34%$0.013396
-1.15%$102,571.00
-1.37%$0.838783
-0.50%$0.00000082
2.59%$0.642278
4.26%$3,242.74
-2.37%$102,550.00
-0.63%$39.92
-2.33%$2,595.57
1.00%$0.247249
1.32%$0.999953
-0.02%$101,862.00
-1.00%$3,254.87
-2.04%$2.40
-0.43%$22.84
-0.37%$0.075827
-6.86%$13.19
-6.06%$0.124846
1.82%$0.727883
-1.19%$0.773174
2.99%$0.451069
1.03%$3.90
-1.72%$0.671495
2.62%$43.16
1.97%$2,590.77
0.49%$0.361339
-0.03%$0.185837
0.62%$2.05
0.89%$1.89
10.84%$0.997713
-0.04%$2.17
-0.85%$0.998666
0.02%$3.77
-1.13%$0.50508
5.44%$0.232038
3.28%$1.11
0.54%$0.01766244
-1.13%$0.714261
0.23%$0.00988432
0.76%$0.181486
3.41%$0.00606358
-1.20%$0.220322
-0.18%$0.706458
1.45%$19.35
0.65%$111.00
0.00%$0.553751
10.79%$2,479.10
1.16%$8.17
1.08%$0.666693
3.12%$2,480.82
1.25%$2,638.45
1.05%$102,620.00
-1.19%$7.26
5.55%$2,559.06
1.60%$0.462134
-2.41%$3.09
1.06%$0.999925
-0.01%$0.99848
0.04%$0.0000248
0.86%$0.197243
2.14%$0.097178
0.54%$4.03
-2.94%$102,362.00
-1.52%$0.104558
3.54%$0.00899407
0.60%$0.065798
1.07%$0.999905
-0.01%$0.696187
1.54%$0.04753944
0.71%$2,480.83
1.44%$1.61
3.38%$98,228.00
-2.15%$0.00000044
3.59%$1.75
-1.62%$2,488.34
0.79%$1.76
4.81%$0.162033
0.82%$0.00000108
-4.99%$46.67
-0.48%$0.258872
1.87%$0.432688
-0.70%$1.56
0.40%$1.087
-0.01%$0.996809
0.22%$0.00576946
0.80%$1.32
-1.76%$101,143.00
-1.77%$0.355729
9.45%$0.38735
-6.28%$0.40916
-3.25%$0.0198786
4.84%$0.03862369
4.75%$0.00006923
1.45%$0.37553
7.51%$34.16
0.61%$0.00376488
2.83%$0.00444176
-0.85%$1.001
0.06%$0.827977
-1.16%$0.186579
-0.70%$0.884585
-3.99%$0.999033
0.11%$22.26
20.67%$0.04019774
6.13%$2,637.27
1.23%$137.68
1.23%$0.284405
-0.23%$21.37
-0.22%$0.00392498
13.14%$0.00082949
31.19%$1.00
-0.01%$4.07
-1.67%$0.00000166
6.42%$2,725.56
1.20%$24.75
1.61%$2,701.52
1.08%$2.94
-0.89%$102,531.00
-1.29%$0.72552
-0.77%$0.23349
1.71%$0.998936
-0.19%$0.548361
1.08%$1.00
0.09%$24.29
0.99%$1.00
-0.05%$2,481.14
1.20%$1.099
-0.06%$2,671.22
1.16%$0.00300114
4.98%$0.999894
0.00%$24.70
1.30%$2,473.82
0.77%$0.874386
3.80%$0.588124
1.17%$0.00393638
8.17%$1.056
2.35%$0.00
2.19%$0.288209
1.58%$0.706254
1.87%Reading
A report published by cryptocurrency exchange Kraken shows a substantial increase in Bitcoin whalewhale accumulation.
Since March 2020, Bitcoin’s price has shot up by more than 400%. But the high prices haven’t put large investors off. According to the report, Bitcoin whales have just kept on buying.
According to Kraken, the total number of Bitcoin whales holding over 100 Bitcoin has broken above 16,300—a figure that hasn’t been seen since March 16, 2020.
Many of these addresses represent Bitcoin’s new institutional investors, who have been increasingly attracted to the asset ever since MicroStrategy invested $425 million in Bitcoin in the summer.
The aggregate amount of Bitcoin on these addresses hit approximately 11.46 million BTC in December, representing the highest level seen throughout all of 2020. So not only are there more whales, but they are growing their stashes too.
This figure shows how major investments in Bitcoin have—at least to date—been worthwhile. Microstrategy now has over $2.6 billion worth of Bitcoin, and Square, which purchased $50 million worth of Bitcoin in October, has made a net gain of over $120 million on its purchase.
Kraken's report shows that Bitcoin balances on the exchange “stayed true to the year’s trend,” with most activity consisting of participants moving the coins off of the exchange.
This could indicate that Bitcoin owners are holding their assets for the long term and avoiding volatile markets, as Decrypt has previously reported.
11,580,00 bitcoin have not moved in over a year.
Even with a 85% increase in price during that time, those millions of bitcoin were not sold or traded.
Hodlers of last resort are insane. pic.twitter.com/KTpeDrLlOO
— Rhythm (@Rhythmtrader) December 1, 2019
There are, however, other explanations for this behaviour.
Former Federal Reserve governor and one-time Bitcoin skeptic Kevin Warsh has changed his tune on the crypto asset. Following Bitcoin’s recent surge, and changing attitudes on the regulatory side, the asset now “does make sense” in a sensible portfolio, Warsh said today. Warsh made the comment in an interview with Andrew Ross Sorkin, who hosts Squawk Box on CNBC. “I think that Bitcoin does make sense as part of a portfolio in this environment, where you have the most fundamental shift in monetary...
According to the Kraken report, the combined phenomena of whale accumulation and net outflows of coins could be an indication that market participants continue to see some slight near-term upside despite the unprecedented increase in price.
Today, Bitcoin continues its unprecedented bull run, hitting the $38,000 price bracket just moments ago, boosting the value of each whale’s holdings.
Malaysia's largest national electric utility company, Tenaga Nasional Berhad (TNB), is helping authorities crack down on electricity theft tied to illegal crypto mining operations in the country, which it claims has jumped nearly 300% over the last six years. The surge in complaints "reflects increasing public awareness of reporting on illicit crypto mining activities," according to a statement provided by TNB to local media on Monday. Of the 610 cases it first discovered in 2018, the number has...
Last week’s Token2049 conference brought together some of the biggest names in crypto, and as the sun set on another busy gathering for the crypto industry in Dubai, we couldn’t help but reflect on some of the weird, wacky, and thought-provoking things we heard along the way. What can be overheard at a conference reveals the most honest narratives behind crypto. Founders and CEOs outline their vision for the future on panels in front of hundreds of attendees, but the true value is often found in...
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Bitcoin miners wrangle with malaise, Coinbase tries a little misdirection ahead of its earnings miss, and sources say Meta is stablecoin curious. Bitcoin miners’ malaise Publicly traded Bitcoin miners have faced some dark days this week. Stocking up on BTC wasn’t enough to help MARA Holdings, which trades on the Nasdaq under the MARA ticker, outrun a lousy quarterly report on Thursday. R...
