Bitcoin has achieved its biggest weekly candle ever. Bitcoin, the largest cryptocurrency by market cap, has recorded its biggest ever weekly candle in dollar terms.The cryptocurrency closed its historical week with a 22.49 percent increase and added $ 4,318 to its price over seven days.

Bitcoin whales continue to accumulate

The day Bitcoin finally broke the substantial resistance of $ 20,000 and expanded its headline rally was featured in the history books on December 16.

The cryptocurrency rose to an all-time high of $ 24,298 on December 20.

According to data provided by Santiment, the number of wallets holding more than 1,000 BTC has continued to increase, which means the whales continue to accumulate.

More money printing

Yesterday, the US Congress finally signed a long-sought stimulus agreement and agreed on a $ 900 billion aid package.

Bitcoin advocates believe that the state-funded incentive package should provide a boost to the cryptocurrency, which is considered a hedge against currency printing.

Many prominent executives, from Twitter CEO Jack Dorsey to Social Capital CEO Chamath Palihapitiya, mocked the modest $ 600 direct payments to millions of Americans.

Meanwhile, the faces of those who spend their $ 1,200 of incentive controls on Bitcoin are smiling. Since then, the cryptocurrency has risen 257 percent.


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