Big wallets accumulate Bitcoin; Ripple is brightening its reputation

Bitcoin made an unsuccessful attempt to break above $9,400. Over the past 24 hours, the benchmark cryptocurrency rolled back to $9,300. Altcoins show decent growth in the previous days, but now, for the most part, they pushed back from recent highs. Investors are more and more cautious about the dynamics of crypto market prices, beginning to question everything that is happening, suspecting manipulations.

While investors are trying to determine the “authenticity” of price triggers, the data of Coin Metrics showed the growth of the number of the largest BTC-addresses during the last 12 months. Bitcoin Rich List includes Bitcoin folders from 1,000 BTC. Similar growth rates are demonstrated even with the data adjusted for the wallets of stock exchanges. Increased number of large wallets indicates the concentration of Bitcoins in the hands of big investors, who began to enter the market at the time of the lowest price of the asset. At the moment, the number of…