On Friday (December 24), we could be seweing the signs of the start of a very late Santa Claus rally as the Bitcoin price has surged above $51K for the first time since December 4.
According to data by TradingView, on crypto exchange Bitstamp, the $BTC price got as high as $51,392 at 2:05 a.m. UTC. Currently (as of 7:20 a.m. UTC), Bitcoin is trading around $51,032 at 07:20 UTC, up 5.33% in the past 24-hour period.
Prominent Russian crypto analyst “Lex Moskovski” used data from blockchain analytics startup Glassnode to point out that $BTC wallets with balances between 100 and 1000 bitcoins seem to be continuing to buy more $BTC:
And popular pseudoanymous crypto analyst “Altcoin Sherpa” offered technical analysis of Bitcoin’s price action to his overb 158K Twitter followers:
On-chain and social analytics startup Santiment says that Bitcoin’s move above the $51K level has turned traders’ sentiment positive.
On Tuesday (December 21), Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), disclosed that his firm had bought abother 29,646 bitcoins for around $650 million at an average price of $21,925 per $BTC, bringing its total $BTC holdings to 70,470 bitcoins.
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