NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Bitcoin Whales Load Up With $1.5 Billion Worth Of BTC Amidst Price Uncertainty

Yuna Rin
Yuna Rin
1 year ago
3 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin whales, entities holding a substantial portion of the Bitcoin supply, have ignited speculation within the cryptocurrency realm by amassing more than a billion worth of BTC in mere two weeks.

Data from crypto analytics firm IntoTheBlock reveals a significant uptick in the accumulation of Bitcoin by addresses holding at least 0.1% of the total BTC supply, valued at over $500 million each. These entities collectively added a staggering $1.5 billion to their holdings during the final two weeks of August. 

This surge in accumulation coincides with the excitement surrounding the potential introduction of a spot Bitcoin ETF in the United States. This substantial accumulation of Bitcoin by crypto whales serves as a clear testament to their growing confidence and heightened interest in the cryptocurrency, irrespective of recent price oscillations and regulatory ambiguities. 

Addresses holding 0.1% of the Bitcoin supply or more have added over $1.5B in BTC holdings in the last two weeks. pic.twitter.com/MrHKLXO9qx

— IntoTheBlock (@intotheblock) September 1, 2023

Bitcoin Price Upsurge Amidst ETF Speculation

The chronology of this accumulation is particularly captivating. While Bitcoin’s price experienced a dip, it experienced a transitory resurgence subsequent to a pivotal court ruling linked to Grayscale’s pursuit of a spot Bitcoin ETF. The verdict translated into a price upswing exceeding $2,000, propelling the alpha coin to a two-week zenith, slightly exceeding the $28,000 threshold.

Related Reading

Polygon

Polygon (MATIC) Drops Below Crucial Level – Will Sellers Exit?

1 year ago

Nevertheless, just as the cryptocurrency community was poised for jubilation and pinned hopes on the ETF’s ratification, the US Securities and Exchange Commission (SEC) introduced an unexpected regulatory twist. A

dopting a circumspect stance, the regulatory authority deferred its verdict on all active Bitcoin ETF applications. Consequently, Bitcoin relinquished all its gains stemming from the brief rally triggered by the Grayscale ruling, regressing below the $26,000 mark.

BTCUSD trading at $25,382 on the weekend chart: TradingView.com

Institutional Optimism Amidst Ambiguity

The current BTC price is $25,808.30 according to CoinGecko, with a 24-hour decline of 0.8% and a seven-day loss of 0.9%.

Despite the recent tumultuous price fluctuations and the ambiguity clouding the cryptocurrency market’s regulatory landscape, the continual accumulation of Bitcoin by crypto whales implies that institutional investors are cultivating an increasingly sanguine outlook regarding Bitcoin’s long-term prospects.

Related Reading

BNB

BNB Price Forecast: Will It Break Through Resistance At $225?

2 years ago

The prospect of a Bitcoin ETF, promising a regulated and accessible entryway for mainstream investors, persists as a game-changing possibility that could significantly reshape the crypto outlook in the United States and beyond.

While the cryptocurrency community anticipates further developments and regulatory determinations, the conduct of these crypto whales functions as a tangible gauge of swelling institutional interest in Bitcoin, fortifying the belief in its enduring value and pertinence. 

These crypto whales wield not only the power to sway the market but also reflect the sentiment and perspective of dominant participants within the dynamic domain of cryptocurrencies.

Featured image from VOI

Tweet123Share196ShareSend
Yuna Rin
Yuna Rin

Yuna Rin

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bingx

Το BingX δείχνει τον δρόμο στα κρυπτονομίσματα – Πως θα διεκδικήσετε έπαθλο $5.000

Η πλατφόρμα BingX συνεχίζει να καινοτομεί, αυτή τη φορά με μια δυναμική καμπάνια που φέρνει στο επίκεντρο τους χρήστες της....

Ιωάννης Ριζόπουλος 37 minutes ago
Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details

Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details

Ethereum (ETH) is currently trading above the $4,400 level, showing resilience despite recent selling pressure and market-wide volatility. However, price...

Sebastian Villafuerte 1 hour ago
Bitcoin

Is The Bitcoin Price Bottom In? Here’s What Social Sentiment Says

On-chain analytics platform Santiment has weighed in on whether the Bitcoin price has reached its bottom, following its drop to...

Scott Matherson 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Analist waarschuwt: XRP ETF's kunnen mislukken - Wall Street reuzen blijven weg

Analist waarschuwt: XRP ETF’s kunnen mislukken – Wall Street reuzen blijven weg

Lars Diederiksen 2 minutes ago

Chainlink: Πού κατευθύνεται η τιμή μετά την εντυπωσιακή άνοδο;

Ιωάννης Ριζόπουλος 13 minutes ago
stellar xlm xlmusd

XLM Battles $0.45 Resistance Again: Is This the Breakout That Finally Sparks a Run to $1?

James Halver 22 minutes ago

Premium Sponsors

Press Releases

  • 残りわずか3日!仮想通貨プレセールで話題の新興ミームコインが資金調達300万ドル達成

    ...

    7 minutes ago
  • BAY Miner Launches Mobile App, Providing Compliant Mining...

    23 minutes ago
  • Grokが教える今買うべき仮想通貨おすすめ – AIツールでリターンを最大化する方法

    Grokが教える今買うべき仮想通貨おすすめ –...

    27 minutes ago
  • 新しい仮想通貨がプレセールで50万ドル突破、次世代ミームコインの注目株

    ...

    46 minutes ago
  • Unlock Daily Crypto Earnings on XRP, DOGE, ETH, and BTC...

    54 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.