The total volume of crypto assets of the Grayscale Bitcoin Trust (GBTC) reached 285,000 BTC ($2.8 billion). The fund’s historical maximum ($ 3.3 billion) was recorded on December 18, 2017, when bitcoin was twice as expensive.
The share of bitcoins controlled by GBTC is now at a historic high. The trust has 1.57% BTC of the first cryptocurrency‘s total volume.
In January, the activity of GBTC investors more than doubled. Last month, the number of transactions amounted to $ 43.49 million, and a month before this figure was only $ 18.80 million.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin rose to the resistance level of $10,500. Now, it is $10,380. In the future, we expect an increase in the price of bitcoin. The nearest resistance levels are $10,500, $11,000, $11,500, $12,000. The nearest support levels are $10,200, $10,000, $9,700, $9,450, $9,200, $9,000, $8,720, $8,500, $8,380, $8,250.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum grew to the resistance level of $257. Now, the price of ethereum is $255. In the future, we expect a technical correction downwards. The nearest resistance levels are $255, $257, $260. The nearest support levels are $250, $245, $236, $230, $224, $219.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple grew to the resistance level of $0.2980. Now, it is $0.2960. In the future, we expect a technical correction downwards. The nearest resistance levels are $0.29, $0.31. The nearest support levels are $0.2855, $0.2810, $0.2710, $0.2650, $0.2580, $0.2530, $0.2450, $0.24.
