The global cryptocurrency sector pulled $230 million capital inflows on Friday, as markets reacted positively to news of SEC Chair Gary Gensler’s imminent exit.
The global cryptocurrency market capitalization grew by $230 billion on Friday crossing the $3.29 trillion mark. The cryptocurrency sector valuation has scored new all time highs in each of the last 5 trading days Bitcoin dominance fell below the 60% mark within the daily timeframe.
Large holders netflow | Source: IntoTheBlock At first glance the chart shows how Cardano whales have acquired 67.51 million ADA, worth approximately $65 million on November 21. More so, this represents the highest single-day whale inflows in 60-days dating back to September 23. Such spikes in whale accumulation signals a positive sentiment shift among the Cardano network’s largest stakeholders.
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