Anchorage Digital, the leading crypto bank, is experiencing significant advancements in the industry. The company has attracted widespread attention by acquiring a substantial amount of DeFi altcoins. Additionally, a notable Bitcoin trading transaction has also garnered attention.
Enormous Altcoin Purchase Involving 13 Wallets
According to Lookonchain, a blockchain tracking firm, Anchorage Digital has utilized 13 different wallets in the past month to amass over $49.4 million worth of Maker’s native token, MKR. The company’s most recent purchases were made on Monday, where they utilized two newly created wallets to acquire MKR tokens valued at $6.28 million from the Binance exchange.
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Meanwhile, MKR has experienced a noticeable decline. As of now, the price of MKR has dropped by over 4%, reaching $2,693. The market cap of MKR has also fallen to $2.4 billion following this decline. Furthermore, there has been a significant increase in the 24-hour trading volume, which now stands at $61 million after a 23% surge. This, combined with the price drop, suggests a potential short-selling scenario.
Current Bitcoin Value
Lookonchain also revealed that during last week’s market correction, when the price of Bitcoin fell below $60,000, a major investor quickly earned $3 million through a substantial Bitcoin purchase.
At present, Bitcoin is being traded at $61,188, representing a 2% decline. The market cap of Bitcoin has also dropped to $1.2 trillion, indicating one of the lowest volumes witnessed recently. The 24-hour trading volume of Bitcoin shows signs of uncertainty, with only a 0.5% increase, reaching $26 billion.
The recent uncertainty in the market may have been caused by positive US data and statements from Federal Reserve officials. It is important to note that the information provided in this article does not serve as investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct thorough research on their own.
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Disclaimer: The information in this article is not intended as investment advice. Investors should be aware of the high volatility and risks involved in cryptocurrencies and should conduct their own research.
