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The cryptocurrency industry has been on an upward trajectory. Several assets were pocketing major gains throughout the day. As the community waited for Bitcoin (BTC) to reach the $100,000 mark, a portion of them were counting down the time for Ethereum (ETH) to hit $4,000. While the odds were seemingly in favor of the largest altcoin, a new obstacle presented itself before the market. Also Read: ChatGPT Reveals When Dogecoin Will Surge To A High of $1.5 Ethereum’s Price Range Source The second largest cryptocurrency, Ethereum has surged by over 30% over the past month. The asset managed to rise all the way to a high of $3,420. This rise was much needed for the ETH ecosystem as the asset has barely recorded gains over the past years. The altcoin still remains 31% below its all-time high of $4,891 which was achieved about three years ago. At press time, ETH was trading at $3,364.10 after a 7.62% rise over the past 24 hours. For Ethereum to reach a high of $4,000, the asset will have...

CryptoQuant CEO Ki Yong Ju notes that whale s carefully prepared for the growth of the crypto market at the end of 2023. He shared his observations about what steps large investors take in a thread shared on X. What #Bitcoin whale s did before this bull run: Thread — Ki Young Ju (@ki_young_ju) December 4, 2023 According to Ju, whale s recently opened the bulk of long positions when Bitcoin (BTC) reached $29,000. The accumulation phase, according to his observations, started in early Aug. 2023. At the same time, many whale s began to enter the market when BTC reached a cyclical low against the backdrop of the collapse of the FTX crypto exchange in Nov. 2022. This, in his opinion, is indicated by the increase in cryptocurrency transfers to derivative trading platforms during the indicated period. You might also like: Bitcoin breaks above $40k, Bitcoin ETF Token raises nearly $2.5m A surge in whale activity in the United States occurred in Oct. 2023. This is indica...

A host of dormant address es that bought crypto during its infancy are now becoming gradually active. Citing Whale Alert’s tweets, Lookonchain revealed that three whale s with 8,199 BTC worth $225 million have renewed activity over the past five days. First, a dormant address containing 6071 BTC worth $178.12 million was activated after 9.3 years. Back in 2013, the BTCs were worth only $3.3 million. Soon after, another address containing 1128 BTC worth $31.5 million woke up after a period of 10.5 years. More recently, an address with 1000 BTC in possession, valued around $27.4 million, was activated after a 12-year gap. Some $BTC whale s that have been dormant for many years have woken up recently. 3 whale s with 8,199 $BTC ($225M) have woken up in just 5 days. And the giant whale with 79,957 $BTC ($2.19B) has been dormant for 12 years, the price when he received $BTC was only $0.93. pic.twitter.com/2MZPDc8UuW — Lookonchain (@lookonchain) April 25, 2023 Alongside Bitcoin...