UK firm buys $250M Bitcoin as analysts eye quiet Easter weekend
Crypto firms and whales continue accumulating Bitcoin, as analysts predict a steady weekend for crypto valuations without White House announcements.
Whales and institutions are increasing their Bitcoin holdings ahead of Easter, as market analysts predict a weekend with less volatility after two weeks of heightened volatility driven by escalating global trade tensions.
A wallet linked to London-based investment firm Abraxas Capital acquired 2,949 Bitcoin (BTC) worth more than $250 million during the four days leading up to April 19.
In the latest transaction, the firm bought over $45 million worth of Bitcoin from Binance on April 18, according to crypto intelligence firm Lookonchain, citing Arkham Intelligence data.
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