Today the price of the leading crypto, Bitcoin (BTC), fell to $ 12,822 after the US stock market shook.
The presidential elections continue to shake the crypto market
According to Reuters, JPMorgan analysts today pointed out that the reelection of Donald Trump as president of the United States would be the most favorable outcome for the stock market.
Apparently this was one of the news that shook the market. However, electoral risk is accompanied by a resurgence of daily COVID-19 cases while negotiations on the economic stimulus are not producing results.
Thus the Dow Jones closed with a drop of 650 points, after having fallen to 965 points. Likewise, the S&P 500 closed with a fall of 1.9%.
Meanwhile, the price of Bitcoin also reacted with the stock market and fell as much as 1.7%, before recovering to $ 13,000. In other words, the leading crypto managed to hold on to its key levels and recover slightly from the market shake.
Institutional investors take over the leading crypto
Today Glassnode released some data that seems to indicate that institutional investors are certainly taking over Bitcoin.
Glassnode’s Tweet reveals that the total number of Bitcoin addresses with a balance greater than $ 1 million exceeded 20,000, a level we had not seen since January 2018. Furthermore, the firm’s data reveals that the total number of Bitcoin addresses Bitcoin with more than 1,000 BTC reached 2,231.
Another aspect to take into account is that, as we reported from CryptoTendencia, during the past week the whales accumulated BTC.
A $ 3 commission for transferring $ 1 billion? Only possible with Bitcoin
Whale Alert identified In the morning today they moved in two transactions a total of more than USD 1.1 billion in Bitcoin with a total commission of $ 3.54.
The transactions were made from a Xapo wallet and were directed to two unknown crypto addresses.
New draft of IRS Form 1040 for crypto
The new draft of Form 1040 from the United States Internal Revenue Service (IRS) was published, which clarifies which holdings and crypto transactions must be disclosed.
Basically now people will be able to specify if during the year they kept their cryptocurrencies without being transferred out of their own wallets or without being sold.
In a few lines …
- Uniswap and Curve Finance both experienced a spike in trading volume above $ 2 billion each.
- The European Union rejects the request for the creation of a superfund for crypto victims.
- Kanye West assured that Bitcoiners know how to liberate humanity.