Bitcoin Price Rises to $23K for First Time since August Fueled by Whales’ Accumulation

Bitcoin price has obliterated FTX and Alameda losses after rallying more than 33 percent in the past three weeks. Bitcoin price continued with its past few weeks’ rally over the weekend to hit $23k. Although the asset has scaled down to $22,700 during the early Asian trading session on Monday, Bitcoin’s market dominance has risen to 41.90 percent. Following the three-week pump, Bitcoin’s market capitalization has topped $438,187,899,265 fueled by huge whale accumulation, according to on-chain data. According to market intelligence platform Santiment, Bitcoin addresses holding between 1,000 to 10,000 $BTC have collectively accumulated about 64,638 BTCs worth approximately $1.46