In a surprise recovery, the world’s largest cryptocurrency Bitcoin managed to give a successful weekly closing above $30,000.
As of press time, Bitcoin is trading 4.32% up at a price of $31,096 and a market cap of $589 billion.
The mega whale addresses of Bitcoin, comprised partially of exchange addresses, own their highest supply of $BTC in a year.
Currently, there’s been an intense battle going on between the Bitcoin bulls and the bears over the last week.
For the last month, several miners started selling their Bitcoins even at these lows, in order to cover the cost of operations.