Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Surprising some in the bitcoin community, U.S. Marshals bitcoin auction did not trigger the predicted price slide. The auction was for 29,656 bitcoins roughly worth about $16.7 million dollars.
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Bitcoin Relatively Stable
Bitcoin traded in a relatively stable range of $570 to $590 on Bitfinex before breaking over $600 after the auction’s 6:00 PM close.
Investors Wondering Who Won?
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Investors are scrambling trying to find out the price the $17 million worth of coins settled at and who got them. A high sales price could catalyze a price runup while a below market price could dampen buyer sentiment.
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Most expect SecondMarket, a hedge fund, or venture capital firm to win the sealed bid. The U.S. Marshals will notify the winning bidder Monday and it is widely expected the winner will announce their winning bid.
Disclosure: At the time of this writing David Smith has a long bitcoin position .
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.