{"id":19836,"date":"2022-03-03T11:00:48","date_gmt":"2022-03-03T10:00:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=19836"},"modified":"2022-03-03T11:00:55","modified_gmt":"2022-03-03T10:00:55","slug":"the-bitcoin-rally-slowed-but-btc-whales-are-becoming-hyper","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/the-bitcoin-rally-slowed-but-btc-whales-are-becoming-hyper\/","title":{"rendered":"The\u00a0Bitcoin rally slowed,\u00a0but\u00a0BTC\u00a0whales\u00a0are\u00a0becoming\u00a0hyper"},"content":{"rendered":"\n
The\u00a0Bitcoin\u00a0rise\u00a0<\/a>has\u00a0finally\u00a0slowed\u00a0after\u00a0a\u00a0strong\u00a0start\u00a0to\u00a0the\u00a0week,\u00a0with\u00a0the\u00a0BTC\u00a0price\u00a0now\u00a0resting\u00a0at\u00a0$43,500 with\u00a024\u00a0percent\u00a0increase on\u00a0the\u00a0weekly\u00a0charts.\u00a0The\u00a0Bitcoin\u00a0and\u00a0cryptocurrency\u00a0market\u00a0rallies\u00a0are\u00a0taking\u00a0place\u00a0against\u00a0the\u00a0backdrop\u00a0of\u00a0the\u00a0huge\u00a0geopolitical\u00a0issue\u00a0unfolding\u00a0with\u00a0the\u00a0Russia-Ukraine\u00a0conflict.<\/h5>\n\n\n\n
\"\"<\/figure><\/div>\n\n\n\n

According to reports, as the Russian Ruble falls in value, Russians are pouring money into Bitcoin and cryptocurrency in large amounts. The recent drop in the crypto market comes as the EU considers increasing sanctions and investigating if Russia is using crypto to circumvent Western restrictions.<\/p>\n\n\n\n

German Finance Minister Christian Lindner said on March 2 that EU and G7 members are cooperating to prevent Russians from avoiding monetary penalties.<\/p>\n\n\n\n

According\u00a0to\u00a0Bloomberg\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>,\u00a0James\u00a0Butterfill,\u00a0head\u00a0of\u00a0research\u00a0at\u00a0CoinShares,\u00a0recent\u00a0Bitcoin\u00a0growth\u00a0has\u00a0been\u00a0largely\u00a0connected\u00a0with\u00a0political\u00a0instability.\u00a0The\u00a0Russian\u00a0Ruble\u00a0is\u00a0trading\u00a0at\u00a0its\u00a0highest\u00a0level\u00a0since\u00a0May\u00a0of\u00a0last\u00a0year.<\/p>\n\n\n\n

Crypto\u00a0exchanges\u00a0have\u00a0also\u00a0been\u00a0asked\u00a0by\u00a0MPs\u00a0from\u00a0Ukraine\u00a0and\u00a0the\u00a0United\u00a0States\u00a0to\u00a0prohibit\u00a0regular\u00a0Russian\u00a0residents\u00a0from\u00a0dealing\u00a0in\u00a0cryptocurrency.\u00a0However,\u00a0some\u00a0exchanges,\u00a0like\u00a0Binance\u00a0and\u00a0Kraken,\u00a0have\u00a0flatly\u00a0refused\u00a0the\u00a0request.<\/p>\n\n\n\n

Bitcoin\u00a0Whales\u00a0Are\u00a0Getting\u00a0hyperactive<\/strong><\/h2>\n\n\n\n

Whales, on the other hand, have been expanding their Bitcoin trading activities amid the recent price surge. Santiment, an on-chain data supplier, reported:<\/p>\n\n\n\n

While #Bitcoin hovers between $43k and $45k and traders await the next big swing, whales are becoming increasingly active in making massive transactions. In the last three days, there have been 13,400 $BTC transactions exceeding $1M in value.<\/em><\/p><\/blockquote>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

While reports of increased Russian ruble-to-BTC trading volumes emerge, Ukrainians are also purchasing Bitcoin in greater numbers.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

After\u00a0the\u00a0early-week\u00a0pump,\u00a0the\u00a0broader\u00a0cryptocurrency\u00a0market,\u00a0like\u00a0Bitcoin,\u00a0appears\u00a0to\u00a0be\u00a0taking\u00a0a\u00a0breather.\u00a0Terra's\u00a0LUNA,\u00a0which\u00a0was\u00a0the\u00a0best\u00a0performer\u00a0last\u00a0week,\u00a0is\u00a0still\u00a0trading\u00a0at\u00a0$93.<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0Bitcoin\u00a0rise\u00a0has\u00a0finally\u00a0slowed\u00a0after\u00a0a\u00a0strong\u00a0start\u00a0to\u00a0the\u00a0week,\u00a0with\u00a0the\u00a0BTC\u00a0price\u00a0now\u00a0resting\u00a0at\u00a0$43,500 with\u00a024\u00a0percent\u00a0increase on\u00a0the\u00a0weekly\u00a0charts.\u00a0The\u00a0Bitcoin\u00a0and\u00a0cryptocurrency\u00a0market\u00a0rallies\u00a0are\u00a0taking\u00a0place\u00a0against\u00a0the\u00a0backdrop\u00a0of\u00a0the\u00a0huge\u00a0geopolitical\u00a0issue\u00a0unfolding\u00a0with\u00a0the\u00a0Russia-Ukraine\u00a0conflict. According to reports, as the Russian Ruble falls in value, Russians are pouring money into Bitcoin and cryptocurrency in large amounts. The recent drop in the crypto market comes as the EU considers increasing sanctions and investigating if Russia is using crypto to circumvent Western restrictions. German Finance Minister Christian Lindner said on March 2 that EU and G7 members are cooperating to prevent Russians from avoiding monetary penalties. According\u00a0to\u00a0Bloomberg ,\u00a0James\u00a0Butterfill,\u00a0head\u00a0of\u00a0research\u00a0at\u00a0CoinShares,\u00a0recent\u00a0Bitcoin\u00a0growth\u00a0has\u00a0been\u00a0largely\u00a0connected\u00a0with\u00a0political\u00a0instability.\u00a0The\u00a0Russian\u00a0Ruble\u00a0is\u00a0trading\u00a0at\u00a0its\u00a0highest\u00a0level\u00a0since\u00a0May\u00a0of\u00a0last\u00a0year. Crypto\u00a0exchanges\u00a0have\u00a0also\u00a0been\u00a0asked\u00a0by\u00a0MPs\u00a0from\u00a0Ukraine\u00a0and\u00a0the\u00a0United\u00a0States\u00a0to\u00a0prohibit\u00a0regular\u00a0Russian\u00a0residents\u00a0from\u00a0dealing\u00a0in\u00a0cryptocurrency.\u00a0However,\u00a0some\u00a0exchanges,\u00a0like\u00a0Binance\u00a0and\u00a0Kraken,\u00a0have\u00a0flatly\u00a0refused\u00a0the\u00a0request. Bitcoin\u00a0Whales\u00a0Are\u00a0Getting\u00a0hyperactive Whales, on the other hand, have been expanding their Bitcoin trading activities amid the recent price surge. Santiment, an on-chain data supplier, reported: While #Bitcoin hovers between $43k and $45k and traders await the next big swing, whales are becoming increasingly active in making massive transactions. In the last three days, there have been 13,400 $BTC transactions exceeding $1M in value. While reports of increased Russian ruble-to-BTC trading volumes emerge, Ukrainians are also purchasing Bitcoin in greater numbers. After\u00a0the\u00a0early-week\u00a0pump,\u00a0the\u00a0broader\u00a0cryptocurrency\u00a0market,\u00a0like\u00a0Bitcoin,\u00a0appears\u00a0to\u00a0be\u00a0taking\u00a0a\u00a0breather.\u00a0Terra’s\u00a0LUNA,\u00a0which\u00a0was\u00a0the\u00a0best\u00a0performer\u00a0last\u00a0week,\u00a0is\u00a0still\u00a0trading\u00a0at\u00a0$93.<\/p>\n","protected":false},"author":32,"featured_media":19845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,21],"tags":[7808],"class_list":["post-19836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","tag-bitcoin-crypto"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/The-Bitcoin-rally-slowed-but-BTC-whales-are-becoming-hyper.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=19836"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/19845"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=19836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=19836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=19836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}