Recent large Bitcoin and Ethereum purchases have drawn attention to the recovery of the crypto market.
Major Bitcoin Acquisitions After Dip
On the crypto market, a significant move was made on March 24 when an unknown investor purchased 2,400 BTC worth over $200 million. This followed a period of heavy selling by the same investor, who offloaded over 11,400 BTC during recent months amid price declines.
Activity of Long-Dormant Bitcoin Holder
Another significant player, previously inactive, became active after eight years, moving 3,000 BTC worth around $250 million. Meanwhile, BlackRock has also increased its Bitcoin assets, adding 4,054 BTC in the past week, raising its total holdings to 573,878 BTC.
Ethereum Also in Major Capital's Spotlight
The activities of large investors are not limited to Bitcoin. A lone Ethereum whale acquired 7,074 ETH worth about $13.8 million. Ether has been traded in the range of $1,876 to $2,097.
The cryptocurrency market shows signs of a revival, reflected in the increased interest of major investors in key assets like Bitcoin and Ethereum.
