Bitcoin approaches $29k as long-term HODLers reach new ATH
Bitcoin’s (BTC) price reaches a six-week high as data shows that the number of long-term holders — including lost wallets — advances to a new all-time high (ATH). The asset’s price has been tumbling over the past month, especially when the US Securities and Exchange Commission (SEC) took legal action against Binance and Coinbase. On June 5, the BTC price took a deep dive from $26,750 to $25,500 after the FUD, compelled by the SEC, emerged. You might also like: Asset manager WisdomTree files bitcoin ETF application However, data provided by the market intelligence platform Santiment shows that the social volume of the top cryptocurrencies has exploded with a $222 billion trading volume over the past week. Powered by #Bitcoin's jump back above $28.8k & #Ethereum's return above $1,820, price pumps are being seen market-wide. Based on @santimentfeed's coverage of 2,648 #crypto assets, volume is 30.2% higher than the past week & discussion rates are up bi...