According to trader and analyst Michaël van de Poppe, the zone between $30,000 and $40,000 should now host Bitcoin for the short term, as it enters a period of consolidation. This will see volatility and trading volume “drain away” on a temporary basis, he explained in a YouTube update on Friday, but eventually, strength will ignite once more and Bitcoin will race upwards again.
A month before a mob stormed the U.S. Capitol building on Jan. 6, an extremist sent $522,000 in bitcoin to nearly two dozen far-right leaders, including white nationalist streamer Nick Fuentes and the Daily Stormer, a Neo-Nazi website, according to blockchain intelligence firm Chainalysis.
This year Forbes instead aimed to rank those whose crypto holdings were the largest, which is a difficult endeavor. It turns out that most people are not keen to disclose the most intimate details of their financial holdings. While citing only four holders of cryptocurrency recently worth more than $1 billion, Forbes writes, “Along the way, some crypto investors have gotten very rich. At least five have recently crossed into the billionaire ranks, possibly quite a few more.”
Bitcoin was more than $8,000 higher versus its Monday lows of $30,250 at press time. While the market waited for a seminal test of $40,000, proponents seized on the latest uptick to pour scorn on naysayers, mostly the mainstream press, which had claimed that Bitcoin had just experienced a 2017-style crash.
