Bitcoin (BTC), number one cryptocurrency, rose to high of $43,337 on March 23
By WhalesStats data, in recent hours whales have seized assets such as Bitcoin, Ethereum and Shiba Inu as these remain among the Top 10 Tokens Bought in the last 24 hours.
Though different transactions involving the purchase of different assets were reported by the blockchain data tracker, the most recent BTC transaction was that of an FTM whale acquiring 222 BTC, or $9,418,678 worth.
A slight drop from the highest levels reached since March 9 sees Bitcoin price action hover around the $42,000 mark. Bitcoin (BTC), the number one cryptocurrency, hit a high of $43,337 on March 23. At press time, BTC was trading down 1.66% and up around 3.66% over the past week.
Recent developments
Bitcoin has seen mixed developments in the last 24 hours.
Thailand’s Securities and Exchange Commission is reportedly banning cryptocurrency payments, according to a statement on Wednesday. This implies that it may soon be illegal to pay for goods and services using crypto from April.
Other positive news comes as pro-crypto Florida Governor Ron DeSantis has announced a new plan for businesses in the state that would allow paying taxes in digital assets. DeSantis said on Tuesday that numerous businesses want to pay tax in crypto in Florida, and the state is working on it.
On the other hand, Bitcoin miners continue the marked accumulation trend for almost the entire past year. The Glassnode chart shows that miners accumulated strongly from April last year to February 2022. After that, the curve on the chart shifted in a range. According to the chart, the cumulative balance of BTC miners is now slightly lower at 1,825 BTC after a slight decline.
The sudden rise in accumulation last spring started after a tremendous plunge in the Bitcoin balance of miners.
