Bitcoin Today 07/12/2024: BTC Aims for Return to $100K as Whales Go Parabolic
The price of Bitcoin Today, 07/12/2024, there is a significant recovery that has brought the asset back closer to the $100 level. Yesterday, the price of Bitcoin reached the $102 zone, but was unable to sustain its upward movement and retreated to the $99 level.
This week, in a surprising move, Bitcoin saw an impressive price surge that saw the asset break its all-time high (ATH) by hitting $103.679. After recording a significant milestone with a high above $103, Bitcoin has become the 10th largest currency in the world . In a significant development, the largest cryptocurrency on the market has seen a 33% growth in the last 30 days alone.
Cryptocurrency analyst Ali Martinez noted in a recent technical analysis that amid the recent bull market, whales are making a parabolic move to accumulate Bitcoin. “Bitcoin whale accumulation is going parabolic. They just bought another 20.000 $BTC in the last 24 hours, valued at $2 billion!” wrote or specialist.
Source: Santiment/Ali MartinezAt the time of publication, the price of Bitcoin was quoted at US$ 99.816,65, up 1.9%.
in the last 24 hours, equivalent to approximately R$ 607.721,66 BRL and € 94.429,19 EUR. In its weekly development, the asset showed a slight growth of 3.3% in the last seven days.
Similarly, following Bitcoin’s recent move, most major cryptocurrencies are seeing significant price gains in the last 24 hours. Ethereum is trading at $4.008,18 with a 3.7% drop in its price. XRP is trading at $2,44 with a 7.6% increase. Cardano is up 4.3% and is now priced at $1,21. Solana is up 2% and is trading at $239,04.
Among the top 100 cryptocurrencies, the Bitget Token (BGB) stands out, registering the highest increase among the assets. At the time of publication, the price of BGB was quoted at US$ 2,88 with an increase of 21.9% in the last 24 hours. The token showed a growth of 77.1% in just seven days.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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