Bitcoin (BTC) Shows Impressive Growth in January Alone, Beating Ethereum (ETH): Details

Overall, since early January until now, Bitcoin price has increased from slightly below $17,000 to the spot on the chart we can see now - $22,887. During the weekend, BTC even made an attempt to break above the $23,000 level, succeeded but was unable to hold at $23,360 for long.

The $23,000 price mark was recovered for the first time since August last year. Between Friday and Saturday, BTC jumped by around 9 percent andThe growth of Bitcoin seems to be fueled, among other factors, by active purchasing of BTC by large-tier wallet owners over the past two weeks. These wallets hold between 1,000 and 10,000 BTC. Within the aforementioned 14 days, they bought a total of 64,638 BTC worth around $1.46 billion.

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