Recent reports show sudden transfers of more than 10,000 BTC to private wallets are not uncommon, but they do show a preference to store Bitcoin for the long term rather than hold it close to a point of sale.
Bitcoin’s price hit yet another ATH, above $56421 based on data from coinmarketcap.com. The market capitalization of the asset is well above $1 Trillion and the 24-hour trade volume on exchanges is up 26.64 percent.
The price of bitcoin touched an all-time high surpassing the $50k handle on February 16, 2021. Cryptocurrency advocates celebrated the milestone as bitcoin has spiked more than 200% during the last 90 days and 400% against the U.S. dollar for the entire year.