The leading cryptocurrency Bitcoin (BTC) accelerated its upward movements in the early hours of the day and reached the price levels of $ 46,500.
This surge in value in Bitcoin has dragged most of the cryptocurrency market after it and has given an upward momentum. Ethereum (ETH), with its recent price movements, started trading at $ 3,460 price levels. The total market cap of cryptocurrencies has risen to $2.26 trillion, according to CoinGecko data.
Bitcoin, which fell from the price levels of $ 48,000 to $ 44,500 during the week, turned its direction up again with the value increases that it started to record in the early hours of the day.
Data from IntoTheBlock shows that the Bitcoin balance of long-term investors who have held Bitcoin for at least a year has reached a new ATH of 12 million BTC. According to the report, long-term investors currently hold a record amount of around 12 million Bitcoins. The long-term holding of BTC by these addresses can help reduce selling pressure and reinforce the belief that Bitcoin is a store of value. According to the data, most of these BTCs were bought between the $15,000 and $55,000 price level. This indicates that most investors will continue to hold the asset class as it is trading below the buy prices.
The rise of Bitcoin, the leading cryptocurrency, and reaching the price levels of $ 46,500, gave the crypto money market an upward momentum again. Most altcoins in the market have started to record bullish movements in the last 24-hour time frame. Ethereum (ETH) started trading at the price levels of $ 3,460, with its recent upward movements.
Axie Infinity (AXS), NEAR Protocol (NEAR), and The Graph (GRT) were among the top 100 crypto assets with the highest market value in the last 24-hour period, according to CoinMarketCap data, with their double-digit increases in value. The total market value of cryptocurrencies has reached $2.26 trillion, according to CoinGecko data.