🔥#Bitcoin price is rising rapidly with the news.
Bitcoin (BTC) is on the rise as the world's 30th largest bank has announced that it will serve cryptocurrencies to its institutional customers. Bitcoin price tested the 41,600 level. Also a few minutes ago, a massive transfer of about 8,000 Bitcoin (BTC) was made!
📢Why Bitcoin (BTC) Is Rising
The statement made by #Wells #Fargo allowed the Bitcoin (BTC) price to rise sharply. A daily close above $41,000 will promise a green market for the weekend. Although there is no serious rise in altcoins yet, the price seems to have exceeded its consolidated range.
The news that triggered the price up is extremely important, Wells Fargo is one of the largest financial institutions in the world, managing approximately $2 Trillion in assets. Bitcoin (BTC) will now gain more mainstream acceptance as it opens its cryptocurrency service to its corporate customers.
It is important for the Bitcoin (BTC) price to hold above $ 40,600 in order to diverge from the consolidated movement, while pricing above $ 41,000 over the weekend may positively dominate the lower markets next week. However, it would be useful for traders to follow the current support and resistance levels cautiously. It is also possible that these rises with low volume will not continue.
🔥Loaded Bitcoin (BTC) Transfers Started
As announced by Whale Alert a few minutes ago, a transfer of 8,000 Bitcoin (BTC) was made between two unknown wallets. This transfer, which has an approximate value of 325 million dollars, is likely to belong to one of the corporate portfolios. Bitcoin (BTC) activity was made 13 minutes ago between two unknown wallets.
The first information is that this transfer is not between the exchanges. Recently, #Binance distributed about 30,000 BTC to different regional branches.