Happy new week fam,
As a Crypto investor on the Hive ecosystem, I will be using this medium to provide fellow Hivers with recent crypto news on the top two ranked cryptocurrencies in the world, Bitcoin and Ether. The news contents will be tagged 'The State Of Bitcoin' by Citimillz and 'The State Of Ethereum' by Citimillz respectively with Sub-topics. Link up to get recent updates on this two coins.
We are in the interesting times again where investors make use of their knowledge about Cryptocurrency most especially Bitcoin, the mother of them all. It might interest you all to know that while some Bitcoin investors where busy selling off their coins, the smart investors where also busy buying in on the dip. Those are investors who are aware that the way to go is taking advantage of the situation. The number of Bitcoin whales is now on the high side which is an encouraging news. As markets opened last week, investors in US and Europe due to uncertainty, took short-term profits hereby causing the coin to drop to $31,000. Even as BTC dipped down to around $28k on 22nd January, whales and aspiring whales still rapidly bought the dip to become hodlers.
According to a chart from Blockchain data and intelligence provider called Glassnode, which was tweeted by the @DocumentBitcoin account on Twitter, it shows that the number of accounts holding over 1000 BTC has drastically spiked up this year.
https://twitter.com/DocumentBitcoin/status/1350498432075649028?s=19
- DocumentBitcoin
Just a few days ago, Multi-million dollar worth Business intelligence company MicroStrategy, purchased more 314 Bitcoins worth $10 million at a rate of $31,808 each, The MicroStrategy C.E.O Michael Saylor mentioned in a tweet he posted two days that the purchase goes in accordance with the Company's Treasure Reserve Policy. He affirmed that the company now holds a total of 70,784 Bitcoins.
https://twitter.com/michael_saylor/status/1352614708797464582?s=19
- michael_saylor
The constant purchases of BTC by leading companies is also one of the things attracting investors to buy the world's number one cryptocurrency. With the way the hodlers are going, there might soon come a time when Bitcoin will be scarce in the market. I really do have to step up my game. A couple BTC might be worth a fortune tomorrow.
A 1-week BTC price chart on CMC
As at the time of writing this content, CMC recorded the price of Bitcoin to be at $31,800.64. It's price is down 1.30% in the past 24hours.
Disclaimer: This is not a financial advice.
