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Bitcoin News: BTC Surges to $106.5K as Large Wallets Jump by 9.9%!
By AnnJoy Makena
16. December 2024
Bitcoin hit a record high of $106,533, with large wallet holders increasing by an impressive 9.9% since October 10. The total cryptocurrency market capitalization has skyrocketed to $3.8 trillion, fueled by Bitcoin’s massive surge of 65% in Q4 and an overall recovery seen across the altcoin space.
Bitcoin’s historic rally reached new heights with a record-breaking valuation of $106,533, according to CoinMarketCap. Further analysis revealed that large-scale investors have been increasingly entering the market since October 10, resulting in a staggering 9.9% jump in their wallet numbers.
The extraordinary volatility witnessed in the Bitcoin market led to $118 million in liquidations, as per Coinglass. This development raises questions about the sustainability of this trend and whether such wild price swings can continue unchecked.
Source: http://www.crypto-news-flash.com
