Assalamu Alaikum
How are you? By Allah's grace, I'm doing very well. So for the last week, Bitcoin's price has been pumping and other coins in the market are also pumping a little, but the other coins in the market are not pumping as much as Bitcoin is pumping. As a result, a question is coming to the minds of many people again and again, that is, has the bullrun actually started in the market or is this a new trap. Because we have been in such a situation before, that is, the price of Bitcoin was pumping regularly and seeing this, we started investing in Altcoins, and then it was seen that due to the drop in the price of Bitcoin, other coins have dropped by 30 to 40 percent. So, today we will discuss whether the price of Bitcoin can react like before or has the bullrun really started in the crypto market. We have to keep one thing in mind, if there is no negative news in the market, then Bitcoin is more likely to go up. Because recently we noticed that Donald Trump is not imposing new tariffs on any other country. The tariff war that Donald Trump started is also now closed, besides the stock market, gold price, everything is currently doing well, due to which we have seen the price of Bitcoin pumping continuously. So let's see how Crypto Whales are currently reacting, by looking at these things we will understand whether the uptrend will continue or the market may drop again.
First we moved into Blackrock's Bitcoin ETF portfolio and here is an interesting thing you might notice, Blackrock is constantly buying 300 Bitcoins and you can see that they are buying this amount frequently and Blackrock is accumulating Bitcoins in this way after a long time which is a very good aspect for the market. Because when Whales buy or sell Bitcoins, a lot depends on that.
Then if we look at the portfolio of ARK investor Bitcoin ETF, we can see the same story here, that is, they are also accumulating Bitcoin frequently and they are buying a very large amount of Bitcoin. So when a giant company like BlackRock is accumulating Bitcoin, it means that we may see a bullrun in the crypto market very soon.
Then if you check the ranking of the world's top assets, you can see here that Bitcoin is currently sitting at number 7, surpassing META and silver, and one of the big reasons behind Bitcoin's ranking increase is that there has been a huge amount of money inflow into the crypto market in the last few days, and since there has been a large amount of money inflow, the market cap of the crypto market has increased, and you can see here that Bitcoin's market cap is currently $1.88 trillion. So, as a result of this ranking increase, we will be able to see more movement in Bitcoin.
Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.
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Coin market cap Comment : https://coinmarketcap.com/community/post/357962558
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Upvoted! Thank you for supporting witness @jswit.
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Bitcoin is moving up its ranks is a great post you have make and shared.
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Hi, if the whales don't leave the market it's a great sign, nice post my friend.👍👍👍
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