Crypto News LIVE: Bitcoin Surpasses $42K Mark
Bitcoin, a digital currency created in 2009, has once again sparked speculation among crypto enthusiasts as its price recently surpassed the $42K mark. Currently, Bitcoin is trading at $42,405, showing a slight increase of 0.70% over the past 24 hours. In contrast, altcoins like Ethereum and XRP experienced a drop of 0-1%, while Solana saw a price increase of 3.55%.
Whale Offloads MKR for DAI
According to on-chain data from Lookonchain, a whale address has been selling off 2,658 MKR for DAI at an average price of $2,022 over the past four days. Interestingly, the price of MKR has dropped by over 7% since the whale started offloading, leading to further speculation. The address still holds 2,007 MKR, which has attracted significant attention globally.
Hot Take: Bitcoin’s Price Surge Sparks Speculation
The recent surge in Bitcoin’s price has once again ignited speculation and excitement in the crypto market. As the token surpasses the $42K mark, many investors and enthusiasts are closely monitoring its movement. Additionally, the offloading of MKR by a whale address raises questions about market trends and investor sentiment. With Bitcoin’s price being a key indicator for the overall crypto market, these developments are likely to impact other cryptocurrencies as well. It remains to be seen how these events will unfold and shape the future of the crypto landscape.
Source: Coingape
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