Bitcoin (CRYPTO: $BTC) climbed above $79,000 on Friday, extending its gains for a fourth straight day as large holders increased their exposure and institutional money returned to the market.
BTC rose more than 6% to reach its highest level since May, with **** ysts pointing to a mix of improving liquidity, regulatory optimism and renewed demand from larger investors.
Simon-Peter Massabni, head of business development at XS.com, told Cryptoprowl that the latest move was supported by renewed accumulation among Bitcoin's largest holders. According to BGeometrics data cited by Massabni, entities holding more than 10,000 BTC added over 30,000 Bitcoin in a single day and more than 55,000 BTC over the past month.
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BTC rose more than 6% to reach its highest level since May, with **** ysts pointing to a mix of improving liquidity, regulatory optimism and renewed demand from larger investors.
Simon-Peter Massabni, head of business development at XS.com, told Cryptoprowl that the latest move was supported by renewed accumulation among Bitcoin's largest holders. According to BGeometrics data cited by Massabni, entities holding more than 10,000 BTC added over 30,000 Bitcoin in a single day and more than 55,000 BTC over the past month.
More From Cryptoprowl:
Canadian Defense Tech Firm Jumps 92% as Government Revenue Boosts Margins
#Bitcoin #cryptoprowl #Crypto #Friday
2 days ago
