Bitcoin whales keep accumulating as ECB president calls for global regulations
CryptoCompare data shows the price of Bitcoin (BTC) moved from around $35,500 at the start of the week to a high close to the $40,000 as BTC was seemingly trying to move back to its all-time high. Bitcoin’s price advance was rejected, and the cryptocurrency is now trading above $36,000.
Ether (ETH), the second-largest cryptocurrency by market capitalization, moved steadily up throughout the week gong from about $1,000 to over $1,200. The cryptocurrency appears to be facing resistance to move up to $1,300 near its all-time high.
While the top two cryptoassets by market capitalization are seemingly consolidating, several other alternative currencies – altcoins – have seen their prices surge, helping the crypto market’s total capitalization remain above $1 trillion.