Bitcoin

<p><em><strong>Bitcoin briefly dipped below $60,000 before resuming its rally. In this timeframe, 3,661 whale transactions, each over $1 million, occurred. Bitcoin trading volumes surged, nearing $100 billion in the last 24 hours.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>Bitcoin, the biggest cryptocurrency, has been on an impressive price surge, reaching $64,000. It’s now only 10% away from its highest ever price, making investors excited. The Bitcoin Exchange-Traded Funds (ETFs) have seen significant trading, adding to the enthusiasm. Plus, <a href="https://cryptosheadlines.com/anticipating-the-implications-of-the-2024-bitcoin-btc-halving/" rel="noopener noreferrer nofollow">anticipation for the upcoming Bitcoin halving</a> is keeping optimism high among investors.</p><h3 id="bitcoin-faces-resistance-at-63-750-amidst-partial-reversal">Bitcoin Faces Resistance at $63,750 Amidst Partial Reversal</h3><p>As Bitcoin surged to $64,000, it encountered resistance at $63,750, prompting a partial reversal. Despite this, Bitcoin remains up by 8.26% over the past 24 hours, trading at $61,686 with a market cap of $1.21 trillion.</p><p>Over a span of 12 hours, the crypto market experienced liquidations totaling $580 million, comprising $308 million from long positions and $276 million from short positions, according to Coinglass data.</p><p>Following a pullback below $60,000, Bitcoin is once again on the rise, supported by robust <a href="https://cryptosheadlines.com/bullish-on-chain-metrics-for-inj-sushi-ankr-snt-slp-report/" rel="noopener noreferrer nofollow">on-chain metrics</a>. <a href="https://cryptosheadlines.com/shiba-inu-on-chain-activity-signals-price-surge-details/" rel="noopener noreferrer nofollow">On-chain activity for Bitcoin has surged</a> to levels not witnessed since 2022.</p><h3 id="on-chain-metrics-highlight-strong-bitcoin-activity">On-Chain Metrics Highlight Strong Bitcoin Activity</h3><ul><li>$35.37 billion in on-chain transaction volume.</li><li>Movement of over 283,000 unique tokens.</li><li>Notable occurrence of 3,661 whale transactions, each valued at $1 million or more.</li></ul><blockquote><img src="https://academy-public.coinmarketcap.com/optimized-uploads/1c6dcff5b71a4fed8426fa2abdb624e0.svg&#43;xml" /> Justifying <a href="https://twitter.com/hashtag/Bitcoin?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>&#39;s historic run to a $64K high today, <a href="https://twitter.com/hashtag/onchain?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#onchain</a> activity on <a href="https://twitter.com/hashtag/crypto?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a>&#39;s top network has already exceeded levels not matched since 2022.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/0336ed3816ec42e2bdc8704b37ff1cb8.svg&#43;xml" />$35.37B in <a href="https://twitter.com/hashtag/onchain?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#onchain</a> transaction volume<img src="https://academy-public.coinmarketcap.com/optimized-uploads/0336ed3816ec42e2bdc8704b37ff1cb8.svg&#43;xml" />283K unique tokens moved<img src="https://academy-public.coinmarketcap.com/optimized-uploads/0336ed3816ec42e2bdc8704b37ff1cb8.svg&#43;xml" />3,661 $1M&#43; whale transactions<a href="https://t.co/xDVSCxMg4v" rel="noopener noreferrer nofollow">https://t.co/xDVSCxMg4v</a> <a href="https://t.co/EKVWgC2bWa" rel="noopener noreferrer nofollow">pic.twitter.com/EKVWgC2bWa</a>— Santiment (&#64;santimentfeed) <a href="https://twitter.com/santimentfeed/status/1762984854583660657?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">February 28, 2024</a></blockquote><p>Crypto analyst Ali Martinez notes that Bitcoin encounters minimal resistance ahead, with substantial support observed in the price range of $54,300 to $56,200. Approximately 903,540 addresses have accumulated nearly 500,000 BTC within this range, signaling robust buying interest and reinforcing Bitcoin’s support levels.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><h3 id="us-government-wallets-transfer-nearly-1-billion-worth-of-bitcoin">US Government Wallets Transfer Nearly $1 Billion Worth of Bitcoin</h3><p>Blockchain-data <a href="https://cryptosheadlines.com/top-10-ethereum-wallets-hold-firm-amid-inflows/" rel="noopener noreferrer nofollow">firm Arkham Intelligence identified a wallet holding</a> seized Bitfinex hacker funds on behalf of the US government. Around 18:39 UTC (1:39 pm ET), the wallet initiated the transfer of 1 BTC, followed by the remaining 2,817 BTC approximately thirty minutes later, effectively emptying the wallet. These transactions amounted to around $173 million worth of bitcoin.</p><p><a href="https://cryptosheadlines.com/vechain-teases-mwc2024-announcement-vet-price-surge-ahead/" rel="noopener noreferrer nofollow">Also Read:   VeChain Teases MWC2024 Announcement: VET Price Surge Ahead?</a></p><p>Subsequently, another wallet containing about 12,300 BTC transferred 0.01 BTC to an unidentified address before sending out the remainder of the BTC. These <a href="https://cryptosheadlines.com/terraform-labs-transfers-millions-worth-of-tokens-one-year-after-terra-luna-crisis/" rel="noopener noreferrer nofollow">transfers totaled approximately $750 million</a>, bringing the combined value of bitcoin transferred from the two wallets to about $923 million, based on the current price of the leading cryptocurrency.</p><h3 id="potential-impact-on-bitcoin-market">Potential Impact on Bitcoin Market</h3><p>The substantial transfers from US government-held wallets could potentially exert <a href="https://cryptosheadlines.com/coinbase-experts-bitcoin-selling-pressure-eases-as-ftx-completes-gbtc-sale/" rel="noopener noreferrer nofollow">selling pressure on Bitcoin</a>. However, the $1 billion sell-off represents less than 0.01% of the total Bitcoin market cap.</p><p>Whistleblower Edward Snowden suggested the possibility of the US government secretly buying Bitcoins this year to alleviate its national debt.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

BTC Price Hits $64000 Resistance; US Govt. Transfers $1B in Bitcoin

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