Important information about the market, Bitcoin, Ethereum, and the rise in market value... You should know it.
Over the past two weeks, Bitcoin's market share has decreased by 5%
While this was met with an increase in market liquidity as the market capitalization rose to $60T 😟
This means that real liquidity has entered the market, matched by a collective rise from major cryptocurrencies competing with Bitcoin, taking advantage of the decline in market share.
We started to notice significant buying operations from some companies and financial institutions, closely aligned with the approval of new regulations and legislation in America regarding crypto.
- SharpLink bought 144,500 ETH worth $515M in 9 days, with the last transaction 3 hours ago worth $115M.
- BitMine purchased 137,657 ETH for $476M, and now owns 300,657 ETH valued at $1.04B.
- Trump World Liberty increases its holdings of Ethereum and currently owns 70,143 ETH worth $251M.
Naturally, this happened with other coins, but since Ethereum is the strongest competitor to Bitcoin and the driver of alternative currencies, everyone is focusing on it.