Bitcoin (BTC) preserved $ 61,000 over the weekend after “aggressive” purchases on Coinbase triggered multi-day highs.
BTC Buyers on Coinbase Step Up
Data from Cointelegraph Markets Pro and TradingView showed that BTC / USD paused overnight after briefly challenging $ 63,000.
Strong performance was seen on Friday after the opening of traditional US markets, which helped push the price of Bitcoin to close to its monthly minimum closing target.
As analysts pointed out, the major exchange Coinbase was the place where there was considerable buildup on the day.
Some aggressive BTC buying on Coinbase right now pic.twitter.com/sR1eMuF2ze
– Will Clemente (@WClementeIII) October 29, 2021
Some aggressive BTC purchases on Coinbase right now
Popular trader and analyst Pentoshi also noticed the sale elsewhere, specifically from a whale whose divestment from BTC has now reached more than 1,000 BTC, each sold on the open market in lots of 20-30 BTC.
“This shows the liquidity of this market“, said.
Both the weekly and monthly closing on Sunday will be a source of interest for market participants, with the latter seeing an all-time high potential. Bitcoin price could also close its third consecutive week above $ 60,000.
Altcoin market capitalization surpasses all-time highs
For many, however, altcoins stood out at the start of the weekend.
Ethereum’s Ether (ETH) hit new all-time highs on Friday, helping the Overall market capitalization of altcoins to hit new peaks of its own: $ 1.473 trillion.
The strong performance held for other altcoins, with Shiba Inu (SHIB) stabilizing after its skyrocketing gains throughout the week.