Whales Pay Up Bitcoin and Ripple on the Cheap
At the time of the Bitcoins’ decline to the level of $9700, and XRP – to the $0,264 level, Whales have been buying the cryptocurrencies intensely.
Coinbase’s clients with high stacks of Bitcoins on the exchange’s accounts have been buying up during the fall, as per The Block’s Larry Cermak. He said that 67% of customers with large BTC holdings (top 10%) was buying rather than selling in the 24 hours during the dip.
According to Coinbase, 88% of XRP holders (those from 10% largest) was also buying the coin. Along with this, the token decreased by 10% up to $0,264. Peter Brandt criticized the San Francisco-based start-up, having predicted even more deep fall.
As for now, Bitcoin costs $10 038. The cryptocurrency has partly won back the morning decrease to $9676.
Earlier, the twitter user CryptosBatman noted that the Fear and Greed Index of Bitcoin is at the same level it was in December 2018 when the record-breaking minimum was seen. The price of the coin was $3200 then it had been surging up to $13 800 in half a year.
We recall that Whale Alert reported the number of $100 million worth XRP transactions last week.