Bitcoin (BTC), whales keep the price of the most popular digital currency floating and within reach of the $40K level. This is due to a 16% daily increase which has boosted the bull’s confidence.
Material Indicators, an monitoring resource, published a statement Twitter about the most recent BTC resurgence. It read:
“Purple Whales lead the charge. This class has historically had the highest correlation to Bitcoin prices. BTC bulls should push past $41.5K to get $45K in focus.
The platform also published a chart showing renewed buying activity by small- and large-time investors.
According to Cointelegraph Markets Pro data and tradingview data, there was no major sell-off due to the ongoing conflict between Russia & Ukraine. Stock prices fell initially, but many stocks have recovered some ground and closed higher since. Germany’s DAX has risen 3% over the last day of the week, while London’s FTSE 100 has risen 4%.
In addition, the Ukrainian government has released fresh information about the end of hostilities. This will provide additional support for crypto, commodities, and securities. Volodymyr Zelensky, the Ukrainian president, indicated that he is open to dialogue with Vladimir Putin.