On August 19th, COINOTAG News reported significant accumulation of cryptocurrencies by institutional investors, as outlined by data from ChainInfo. Within a single day, these entities enhanced their holdings with 277.5 WBTC valued at approximately $32.06 million and 2493 ETH, amounting to around $10.65 million. Cumulatively, their position now reflects an impressive total worth $180 million, comprising 1196.2 WBTC valued at $141 million with a trading price of $118,057, alongside 8711 ETH valued at $38.7 million, priced at $4442 per unit. This robust accumulation underscores the growing confidence of institutional players in the cryptocurrency market, reflecting a strategic long-term outlook amidst current market dynamics.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024