After more than 30 days of bear-market bout, with some crypto currencies losing more than 50% of their share price, the market has now turned and consistently writes green numbers. The increase in Bitcoin price may have been pushed by a major investor.

Bitcoin’s share price has increased 8.24% over the last 24 hours and 22.27% over the last 7 days. The market capitalization of the top dog amounts to 146 billion euros and that of the entire crypto market has again exceeded the 400 billion euro mark.

An unknown investor with the Bitcoin address “3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64” has nearly doubled its bitcoin usage a few days ago from 56,357 (09/02/2018) to today 96,651 bitcoins.

Within the bitcoin market, most of the capital is distributed among only a few large whales “big whales”. One of them seems to be the owner of the address shown here.

In many online forums and the social media world has been discussed and puzzles about who this investor could be. Jeff Koyen, president of 360 Blockchain USA, said in an interview:

In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories.

However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in.

 

Whether this theory actually corresponds to the truth can only be speculated here. It is certain that the Bitcoin owner of the above address has risen to the current price to the billionaire.