Is it behind the latest $ 25 billion gathering of bitcoins and encrypted prices?

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Bitcoin exploded this weekend, stimulating most cryptocurrencies, including ethereum, litecoin, Ripple XRP, EOS and bitcoin–and adding some $ 25 billion to the global market capitalization of cryptocurrencies since Friday morning, exceeding $ 200 billion for the first time this year.

The price of bitcoins is now trading at just over $ 7,000 per bitcoin, having started the year at less than $ 4,000, bringing the total value of all bitcoins to more than $ 124 billion. and constitutes 58% of the largest market capitalization of cryptocurrency.

Over the weekend, some big bitcoin holders, known as whales, have moved an impressive number of digital tokens, potentially pushing the market higher, with the largest whale moving 47,000 bitcoins worth $ 343 million, according to the data of & nbsp;Whale alert, which follows the great movements of cryptocurrency.

Bitcoin whales traded around 100,000 bitcoins over the weekend, for a total value of $ 670 million. & Nbsp; Most Bitcoin whales have relocated their holdings of major cryptocurrency exchanges, with only some of the biggest transactions of the weekend involving cryptocurrency portfolios moving bitcoin to an exchange.

Large bitcoin and cryptocurrency transactions can support the market, as holders do not sell via online exchanges but choose to keep digital tokens known in the bitcoin and cryptocurrency sector. "Hodling"

Bitcoin holders continue to bet on this asset despite the price of bitcoin that has almost doubled since the beginning of the year, which suggests that it should continue to grow, while the sentiment towards bitcoin becomes more and more bullish.

Last week, analysts at investment bank Canaccord Genuity said they expect a strong recovery of bitcoin over the next 24 months, possibly returning to its 2017 high due to the half of the number of bitcoins rewarded by minors, 50%. .

Last week, however, it was difficult for the bitcoin and cryptocurrency sector, despite the general price rally.

Bitcoin climbed& nbsp; even as the market was processing news $ 40 million worth of bitcoins (about 7,000 digital tokens) were stolen from the Malta-based Binance Stock Exchange, the world's largest bitcoin and cryptocurrency market by volume and & nbsp;Changpeng Zhao, highly respected chief executive of Binance& nbsp; caused & nbsp; controversy by suggesting that he could "rearrange" the bitcoin blockchain to recover funds.

Meanwhile, the bitcoin and cryptocurrency sector is gearing up for one of the most important events in the cryptocurrency calendar as of today.Blockchain Week NYC and CoinDesk's Consensus 2019 will be held throughout the week at Hilton Midtown New York.

Fred Smith of FedEx, Abigail Johnson of Fidelity, Twitter and Jack Dorsey of Square, President of the US Securities Exchange Commission, Jay Clayton, and Andrew Yang, US presidential candidate, will be the main speakers this year.

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Bitcoin experienced a meteoric rise this weekend, reinforcing most of the major crypto-currencies, including Ethereum, Litecoin, XRP from Ripple, EOS and Bitcoin Cash.–and adding some $ 25 billion to the global market capitalization of cryptocurrencies since Friday morning, exceeding $ 200 billion for the first time this year.

The price of bitcoins is now trading at just over $ 7,000 per bitcoin, having started the year at less than $ 4,000, bringing the total value of all bitcoins to more than $ 124 billion. and represents 58% of the broader market capitalization of cryptocurrency.

Over the weekend, some major bitcoin holders, known as whales, have moved an impressive number of digital tokens, potentially pushing the market up, with the largest whale carrying 47,000 bitcoins worth 343 million dollars, according to the data of Whale Alert, which follows the major movements of cryptocurrency.

Bitcoin whales traded around 100,000 bitcoins over the weekend, for a total value of about $ 670 million. Most bitcoin whales left their holdings of major cryptocurrency trades, with some of the biggest deals this weekend involving cryptocurrency portfolios moving bitcoins to an exchange.

Large bitcoin and cryptocurrency transactions can support the market, as holders do not sell via online exchanges but choose to continue to hold digital tokens, which is known in the bitcoin and cryptocurrency industry under the name of "hodling".

Holders of bitcoins continue to bet on this asset, while the price of bitcoin has almost doubled since the beginning of the year, which seems to indicate that it continues to progress, while the sentiment at the Bitcoin is becoming increasingly bullish.

Last week, analysts at investment bank Canaccord Genuity said they expect a strong recovery of bitcoin over the next 24 months, possibly returning to its 2017 high due to the half of the number of bitcoins rewarded by minors, 50%. .

Last week, however, it was difficult for the bitcoin and cryptocurrency sector, despite the general price rally.

Bitcoin climbed even as the market was processing the new $ 40 million worth of bitcoins (about 7,000 digital tokens) were stolen from the Malta-based Binance Exchange, the world's largest exchange of bitcoins and cryptocurrency in volume, and Changpeng Zhao, highly respected chief executive of Binance provoked controversy by suggesting that he could "rearrange" the bitcoin blockchain to recover funds.

Meanwhile, the bitcoin and cryptocurrency sector is gearing up for one of the biggest events in the cryptocurrency calendar that begins today.Blockchain Week NYC and CoinDesk's Consensus 2019 will be held throughout the week at Hilton Midtown New York.

This year's keynote speakers will be Fred Smith, FedEx, Abigail Johnson, Fidelity, Twitter, and Jack Dorsey, of Square, President of the US Securities Exchange Commission, Jay Clayton, and US presidential candidate, Andrew Yang.