Profit-Making Crypto Address Makes New Investment of $16M in BTC | Video

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let’s take a look at the chart of the day one crypto address that is recognized for substantial trading profits has made a fresh Bitcoin investment this week. According to data tracked by Arkham Intelligence and look on chain. The address amassed 245 Bitcoin worth nearly $16 million on Tuesday taking the tally to 248 Bitcoin. The transaction is noteworthy given the address’s history of making profitable bets in the past 12 months, it has made $30 million by bargain hunting Bitcoin at low prices and selling closer to trend tops. Its latest investment suggests confidence in Bitcoin’s price prospects as the leading Cryptocurrency recovers from the $53,500 level on July 5th as of 10 a.m. Eastern time, Bitcoin is trading above $65,000. That’s it for today’s chart of the day. I’m Jen Sani. We’ll see you next time to unpack more of the data behind top news stories.