The value of Bitcoin (BTC) has surged over the past few days to its highest level since mid-April 2021.
Last weekend, the cryptocurrency managed to gain a foothold at the $ 60,000 level, and now it is trying to break even higher. The cryptocurrency capitalization now exceeds $ 1.143 trillion.
Capital predominantly goes to bitcoin, as other digital currencies have been stagnating since Friday. Ether (ETH) and Binance Coin (BNB) are stuck at $ 3790 and $ 465, respectively. All cryptocurrencies are worth about $ 2.464 trillion.
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The WhaleMap whale activity team found that the $ 29,000 mark was a new bottom for bitcoin. In this area, a large number of large investors have acquired the cryptocurrency, according to the experts' report. These whales will prevent BTC from dropping below $ 29,000 and will support the coin as new risks of collapse arise.
Analyst Ali Martinez also draws attention to the revitalization of large addresses. He found out that the number of transactions in the network increased sharply, amounting to $ 100,000. Such data indicate the arrival of institutions in the crypto sphere, ready for further purchases.