$292 Million worth of BTC from Binance to Xapo...
Leading blockchain tracking company Whale Alert noted that on August 25, 2021, digital exchange Binance transferred approximately $ 292 million in bitcoin to its cryptocurrency wallet, Xapo. According to recent data released by Whale Alert, the Bitcoin millionaire's address is Binance. Yesterday at 16:06 UTC.
Earlier this week, Finance Magnates reported an increase in BTC spending by long-term Bitcoin holders. According to the latest Glassnode report, the proportion of obsolete BTCs used on the chain has increased dramatically in recent days.
GlobalBlock sales trader Alexandra Clark commented on the recent Bitcoin price movement and network activity: Many institutions are already busy embracing crypto and blockchain technology to maintain a competitive advantage. "
Earlier this week, Bitcoin broke the $ 50,000 price level for the first time in 13 weeks. Despite the recent 5% correction, the world's largest cryptocurrency is still trading above $ 47,000 with a market capitalization of $ 900 billion. The recent increase in the price of BTC is mainly due to higher institutional and retail demand. MicroStrategy, one of the largest institutional holders of Bitcoin, recently acquired 3,907 coins, expanding the company's BTC portfolio. MicroStrategy currently has over 108,000 BTC worth over $ 5 billion.
Currently, the total market capitalization of crypto assets is approximately $ 2 trillion.