According to on-chain analyst Ember, BTC has corrected after hitting $73,000, and a whale has added 880 BTC ($61.17 million) at an average price of $69,511 in the last 3 days. The last time he bought BTC was in June last year, when he hoarded 501 BTC at an average price of $30,240. Thanks to his low-price bottom fishing last year, the combined cost of his 1,381 BTC holdings now is only $55,264.
Bitcoin and the broader crypto market have seen sharp declines so far this month, but global stock markets are returning to all-time highs after shrugging off fears about U.S. economic growth. Bitcoin fell about 10 percent in August, trailing the nearly 1 percent gain in the MSCI Inc. global index and gold's rise to all-time highs. The Bloomberg Global Bond Index rose nearly 2 percent over the same period. Analysts have pointed out that the US government is dealing with the risk of confiscating ...