The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Bitcoin is trading sideways - what is happening in the market?

3 min reading

The current Bitcoin rate is around USD 13,101. For several days now, this cryptocurrency has been moving in a narrow price range between $ 12,800 and $ 13,200 per coin. What is currently happening on the BTC market?

bitcoin price

The most important information:

  • Yesterday's session on the Bitcoin chart closed with a profit of $ 44.05 - or 0.34%
  • The number of addresses with a balance greater than or equal to 1,000 BTC has increased to a record level
  • One user transferred over $ 1.15 billion in Bitcoin with a transaction fee of only $ 3.6

Bitcoin rate - trading in a narrow price range

The BTC exchange rate has been showing little volatility from the last few days. This cryptocurrency fluctuates between $ 12,800 and $ 13,200 - and has gently crossed this limit several times. The current price of Bitcoin is around $ 13,101.

Yesterday's BTC session opened at USD 13,031.20, and closed at USD 13,075.25, which resulted in a slight change.

As for the emotions that currently prevail on the market of the oldest cryptocurrency, it is greed, but its level is much lower than yesterday and the day before yesterday.

chciwość na btcGraph showing the level of greed in the BTC market. Source:

New records

As it turns out, the number of addresses with a balance greater than or equal to 1,000 BTC has set a new high. There is also a shift in investor sentiment on the market from short-term to HODLing - long-term investments. Interestingly, more than half of the Bitcoin supply has not been touched for at least a year, and almost 1/3 of BTC coins have not changed their address for the last 3 years or longer.

Recently, the most popular cryptocurrency also saw its largest weekly session close since 2018.

Huge transaction at low cost

One anonymous user transferred 88,857,2449 BTC coins from one address to another, with a transaction fee of only $ 3.6. The value of these Bitcoins was over $ 1.15 billion.

Of course, it was not the largest transfer ever in terms of the amount of BTC transferred. Earlier this year, another user transferred 124,946,622 Bitcoins from one address to another - they accounted for 0.07% of the total supply of this cryptocurrency. At the local exchange rate, however, the amount was slightly lower - it amounted to about $ 1 billion, and the transaction fee reached $ 80.

See also: Is it worth investing in Bitcoin now?

Currency Exchange rate Buy cryptocurrency

Buy crypto now

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.