Bitcoin and cryptocurrency prices have rallied over the last month, with bitcoin this week breaking above $50,000 for the first time since May.
The price of bitcoin rivals ethereum, cardano, and Binance’s BNB have also surged higher, with cardano hitting all-time highs as investors pile into the market.
Now, data has shown crypto wallets holding at least $50 million or more worth of bitcoin—known as “whales”—have increased their buying since the end of June and into August—something that previously heralded bitcoin’s first foray over $60,000.
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