Cryptocurrency
Bitcoin whales show no signs of slowing down accumulation, even over the weekend
quick take
- Whales have been active over the weekend, continuing their aggressive bitcoin accumulation.
- About $250 million worth of bitcoin was withdrawn from exchanges on Friday and Saturday.
- Aggressive buying followed news that regulators were making a last-ditch attempt to bail out First Republic Bank.
- First Republic Bank is now the fifth bank to fail in the last 50 days. Other banks include:
- silicon valley Bank.
- silver gate Bank.
- sign Bank.
- Credit Suisse.
- beginning Republic Bank.
Post Bitcoin Whales Show No Signs of Slowing Accumulation Even Over the Weekend and First Appearing on CryptoSlate
