It seems that the movement of the crypto whales led to a sharp increase in the price of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. for this December 7, which has also been felt among the main cryptocurrencies in the ecosystem.
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Bitcoin rallies to USD $52,000 on Dec. 7
Very good news for enthusiasts ofBitcoin ( BTC ) para la mañana de este 7 de diciembre, ya que la principal moneda digital digital technologies are these electronic tools that have the ability to generate, store or even process data. se recuperó de la caída vista el día de ayer y aumentó más de un 6% en las últimas 24 horas, cotizándose al momento de edición en unos USD $51.546 por unidad.
According to data published in our section none ,the increase capitalized byBitcoin The price of the stock goes back to the afternoon hours of yesterday, since after being close refers to the closing price; similar to the same term used in stock trading. to USD $49.000 per unit, its price rose sharply to USD $50.700, from which point it began to increase steadily until reaching the levels currently seen.
Extraordinary movement of crypto whales
While since last December 5 many were concerned about Bitcoin’s fall to USD $42,000, it seems that this represented a great opportunity for the crypto whales that make a living within this market.
Specifically, several reports attribute this steep rise to crypto whales, as they invested an estimated USD $3.5 billion to acquire Bitcoin during the downturn, capitalizing around some 67,000 BTC that are now in the hands of private investors.
Let’s keep in mind that the fall seen in recent days was associated with the liquidation liquidation refers to the conversion of an asset or cryptocurrency for fiat or its equivalents. of billions of dollars in long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. positions, which brought a lot of chaos to the market an area or arena, online or offline, in which commercial dealings are conducted. and generated uncertainty among those investors with less experience in the sector. Those who benefited from this movement were the owners of wallets with figures between 100 and 10,000 BTC, who rushed to buy when they saw support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. in the face of this fluctuation and made very smart purchases that are already deriving good profits.
Major altcoins also go up on December 7th
As you can see in our sectionCryptoMarkets, Bitcoin was not the only currency currency is a medium of exchange that defines value. to benefit from this sharp rise, as other market participants also reacted positively on December 7.
With increases of between 5% and 15% we have the cases of Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ), Binance Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. ( BNB ), Solana ( SOL ), Cardano ( ADA ), XRP Polkadot ( DOT ), Terra ( LUNA ), Dogecoin ( DOGE ), Avalanche ( AVAX ), Shiba Inu ( SHIB ), Litecoin ( LTC ), Uniswap ( UNI ), Chainlink ( LINK ) and many others.
But the cases that stand out the most for this December 7 are precisely the followingPolygon ( MATIC ) yCrypto.com ( CRO ) token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. with an increase of more than 20%, while the day’s top gainer is the BitTorrent ( BTT )which increased more than 60% in the last 24 hours.
Winners and Losers for this December 7th
Finally, below we review which digital currencies had the steepest fluctuations for this December 7:
???? Winning Cryptocurrencies: none BitTorrent 62.42% (USD $0) none Loopring 33,49% (USD $2,52) none Bitcoin SV 32,67% (USD $154,46) none Nexo 28,34% (USD $2,52) none Polygon 28,21% (USD $2,34)
— Diario฿itcoin (@DiarioBitcoin) December 7, 2021
???? Losing Cryptocurrencies: none Huobi Token -1,29% (USD $8,68) none Waves -0,59% (USD $19,73) none Frax -0,4% (USD $1) none TerraUSD -0,18% (USD $1) none TrueUSD -0,07% (USD $1)
— Diario฿itcoin (@DiarioBitcoin) December 7, 2021
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Source:none,CoinMarketCap
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