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Bitcoin
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$103,116.00 2.27642
Bitcoin price
Ethereum
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$3,900.02 1.6668
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BNB
BNB (BNB)
$717.41 1.49448
BNB price
Solana
Solana (SOL)
$220.82 2.36195
Solana price
XRP
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$2.41 1.63722
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000276 1.95848
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Pepe
Pepe (PEPE)
$0.0000238 2.94505
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Bonk
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$0.0000363 1.3845
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dogwifhat
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$2.83 1.57197
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Popcat
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Bitcoin
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$103,116.00 2.27642
Bitcoin price
Ethereum
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$3,900.02 1.6668
Ethereum price
BNB
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$717.41 1.49448
BNB price
Solana
Solana (SOL)
$220.82 2.36195
Solana price
XRP
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$2.41 1.63722
XRP price
Shiba Inu
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$0.0000276 1.95848
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Pepe
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$0.0000238 2.94505
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Bonk
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dogwifhat
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Popcat
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Bitcoin
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$103,116.00 2.27642
Bitcoin price
Ethereum
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$3,900.02 1.6668
Ethereum price
BNB
BNB (BNB)
$717.41 1.49448
BNB price
Solana
Solana (SOL)
$220.82 2.36195
Solana price
XRP
XRP (XRP)
$2.41 1.63722
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000276 1.95848
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000238 2.94505
Pepe price
Bonk
Bonk (BONK)
$0.0000363 1.3845
Bonk price
dogwifhat
dogwifhat (WIF)
$2.83 1.57197
dogwifhat price
Popcat
Popcat (POPCAT)
$1.13 3.80101
Popcat price

BTC struggles around $26k as SpaceX drops its holdings

btc-struggles-around-26k-as-spacex-drops-its-holdings
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BTC struggles around $26k as SpaceX drops its holdings

The Bitcoin (BTC) price has struggled around $26,000 after Elon Musk’s spacecraft manufacturer SpaceX dumped its BTC holdings. 

On the other hand, Glassnode data suggests that the number of wallets holding at least 1 BTC has reached an all-time high (ATH) of 1,015,299 despite the bearish market sentiment.

Per the on-chain data provider, the addresses have risen since late 2021, when BTC hit an ATH of $68,790.

https://twitter.com/glassnodealerts/status/1693522245665140814?s=20

Moreover, BTC short-term traders have also risen with the recent price downturn. According to Glassnode, the amount of BTC supply active between a week and one month just dropped to 680,353.028 BTC, marking a 30-day low.

https://twitter.com/glassnodealerts/status/1693522240531320860

Short-term holders and traders rose after SpaceX dumped all of its BTC holdings. Per the crypto.news report, the aerospace company accumulated roughly $373 million worth of Bitcoin in 2021 and 2022. 

Shortly after the news about SpaceX’s BTC digestion emerged, the number of crypto liquidations surpassed the $1 billion mark. Per the report, 83% of the liquidations belonged to long positions.

Furthermore, Bitcoin is still down by 0.3% in the past 24 hours and is trading at $25,990 at the time of writing. BTC’s 24-hour trading volume also plunged by 2.5%, currently at $9.4 billion.

BTC struggles around $26k as SpaceX drops its holdings - 1
BTC price – Aug. 21 | Source: Trading View

Bitcoin briefly touched a 24-hour-high of $26,260 on Aug. 20. BTC’s market cap still stands above the $500 billion mark with a 48% market dominance.