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Bitcoin’s large transactions exploded in recent days, as the number of BTC transactions doubled more than $ 100,000 last week, according to a recently published tweet by Crypto Ali.
Ali wrote“The number of Bitcoin BTC transactions doubled more than $ 100,000 last week, as it rose from 15,620 to 32320”, as well as a screenshot of a number of large transactions in Bitcoin. The increase in large Bitcoin transactions comes amid the increasing optimism in the broader encryption market.
Large transactions often indicate activity from senior holders referred to as whales or institutional players instead of retailers. Institutions may increase their exposure to Bitcoin, given the recent positive developments in the encryption space.
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Along these lines, Santim An increase in Bitcoin Barge Holder has mentioned this week, with those with 100 to 1000 BTC to the highest level of 15777 of this. “This height in the confidence of the main stakeholder is another promising sign for the year 2025,” according to Santiment.
The epic week of Bitcoin
Bitcoin reached the highest record reached 109,358 dollars on Monday and was trading near $ 104,734 at the time of the press. It has increased by more than 50 % so far in January.
On Thursday, an executive order was issued to enhance the adoption of digital assets in the United States. Later on Thursday, the Securities and Stock Exchange Commission issued a historical advertisement, as it removed an accounting base that made the adoption of institutional encryption more difficult by asking banks to recognize bitcoin and other symbols such as obligations on their public budgets.
The base, known as SAB 121, was implemented in 2022 and imposed strict capital requirements for digital assets. It also increased the financial and regulatory risks associated with providing cryptocurrency nursery services, as well as the operational costs of banking institutions.
This decision was celebrated by the SEC Hyster Peres Commissioner, who was appointed on Tuesday to head a new “Cracking Squad” within the agency. Gary Ginsner resigned as Chairman of the Securities and Stock Exchange Committee a few days ago.
This week, Ross Olbricht was awarded the founder of Bitcoin and founder of Silk Road Road. He was serving a life imprisonment without the possibility of conditional release since 2015.
