Global markets, including crypto, experienced significant selling preassure, which led to major price corrections.
Bitcoin briefly dipped below $50,000 and the whole crypto market lost hundreds of billions in no time.
During this period the top institutional Bitcoin holders – MicroStrategy, BlackRock, Fidelity and Grayscale haven’t sold any of their BTC holdings.
BlackRock currently holds 344,070 BTC worth $18.41 billion, Fidelity holds $9.67 billion, Grayscale has $12.83 billion, while MicroStrategy holds over $25 billion.
At the time of writing, Bitcoin has recovered from the daily bottom, currently trading at $54,300 with $104.4 billion volume.
Bitcoin may be on the verge of a powerful move that could define the rest of the year, according to one closely followed trader.
A mysterious crypto whale has quietly amassed a huge leveraged position in Bitcoin, deploying nearly $30 million across several transactions in just three days.
Ukraine is exploring a bold financial strategy that could see Bitcoin become part of its national reserves.
Even as Bitcoin (BTC) flirts with new highs, veteran trader Peter Brandt has issued a stark warning: a massive 75% crash could be imminent.