Bitcoin (BTC) Surges Past $47,000: Whales and Miners Spark Frenzy! Is This the Start of a New Bull Run?

bitcoin price
Table of Contents


  • Bitcoin experiences a new rally, surpassing $47,000 and generating great interest among investors and analysts.
  • The accumulation of BTC by large investors and miners in anticipation of the upcoming Halving is a key factor in the price increase.
  • The positive correlation of BTC with the US stock market also contributed to its rise, with indices such as the S&P 500 and the Nasdaq reaching new all-time highs.

The crypto market is witnessing a new rally in the price of Bitcoin. In the last few hours, BTC rose by over 5% and broke through the $47,000 barrier, generating great interest and expectation among investors and financial analysts. These values ​​have not been seen since the exit of BTC ETFs. Moment when the decline of the leading cryptocurrency began.

This recent bullish momentum has been attributed to a series of key factors that converged to boost the price of Bitcoin. One of these factors is the strategic activity of large investors, known as “whales”. There was an increase in the accumulation of BTC by whales, with a 3.6% increase in the number of wallets holding more than 1,000 BTC in recent weeks. This behavior suggests renewed optimism among larger investors, which contributed to the bullish momentum of Bitcoin.

bitcoin coinmarketcap

In addition, BTC miners also played a crucial role in the price increase. Miners, who are responsible for validating and securing transactions on the Bitcoin network. They were accumulating reserves instead of selling them, in anticipation of the upcoming Halving, which halves the reward for mined blocks. This decrease in supply in the market, combined with high demand, contributes to increasing its scarcity and, therefore, its value.

bitcoin price

The Rise of the US Stock Market Encourages Investors to Take Greater Risks and Profits Hand in Hand with Bitcoin

Another influential factor in the price increase of Bitcoin is the positive correlation with the US stock market. In recent months, there has been solid performance in the stock markets, with indices such as the S&P 500 and the Nasdaq reaching new all-time highs. This bullish trend in traditional markets led to greater confidence among investors in higher-risk assets, such as BTC.

This combination of factors triggered the rise of Bitcoin, which is currently trading at $47,528, with a 5.61% increase in the last day, and a weekly accumulated of 10.33%. Just two days ago, it was trading just above $43,000. We will continue to monitor how it evolves and what its next peak will be.


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