Bitcoin slides by 0.87% to close at $34,387.05

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The Bitcoin dipped by 0.87% on Sunday evening to close at $34,387.05 even as investors look to be making a comeback into the cryptocurrency market.

The number of coins held by whale entities – clusters of addresses controlled by a single network participant holding 1,000 to 10,000 BTC – rose by over 80,000 to 4.216 million BTC on Friday, hitting the highest level since May.

According to a recent data, the tally remained largely unchanged on Saturday.

In the meantime, China continues its efforts to thwart Bitcoin mining within the country, forcing major mining operations to move overseas or shut down completely.

Ethereum, the second-largest cryptocurrency by capitalization rose by 2.49% to close at $2,268.46.

Despite the ban on crypto transactions in Nigeria, it appears Nigerians are still very much in the business of trading in cryptos and especially Bitcoin.


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