Bitcoin - Overview as of 06.12.2024
Published on 06.12.2024 10:25

Amid the bitcoin price falling to $92.957, major players have stepped up their accumulations. BlackRock bought 7,750 BTC, increasing its assets to $48.9 billion, while MARA Holdings added 1,423 BTC ($139.5 million), bringing its reserves to 22,108 BTC, up 162% from a month ago. The anonymous cryptokit bought 600 BTC worth $58.85 million. These purchases come amid the growing popularity of Bitcoin-ETFs and a shift in strategies by companies like MARA to hold mined coins. Despite the price drop to $97,580 (-4.9%), the accumulation of institutional investors indicates long-term confidence in Bitcoin's potential.