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$3,480.61 -0.49702
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$585.46 -0.14819
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$132.09 -1.49724
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Shiba Inu
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$0.0000178 -1.90483
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$0.0000204 -2.40779
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XRP
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Shiba Inu
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$0.0000204 -2.40779
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Bitcoin
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$64,085.00 -0.23729
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Ethereum
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$3,480.61 -0.49702
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BNB
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$585.46 -0.14819
BNB price
Solana
Solana (SOL)
$132.09 -1.49724
Solana price
XRP
XRP (XRP)
$0.4826760 -0.50088
XRP price
Shiba Inu
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$0.0000178 -1.90483
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Pepe
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$0.0000113 -1.33944
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Bonk
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$0.0000204 -2.40779
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SirWin
SirWin
SirWin

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.

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.

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.