UK firm buys $250M Bitcoin as analysts eye quiet Easter weekend

Whales and institutions are increasing their Bitcoin holdings ahead of Easter, as market analysts predict a weekend with less volatility after two weeks of heightened volatility driven by escalating global trade tensions. London-based investment firm Abraxas Capital acquired 2,949 Bitcoin (BTC) worth more than $250 million during the four days leading up to April 19. In the latest transaction, the firm bought over $45 million worth of Bitcoin from Binance on April 18, according to crypto intelligence firm Lookonchain, citing Arkham Intelligence data source: https://cointelegraph.com/news/uk-investment-firm-buys-250-m-bitcoin-analysts-quiet-easter-weekend?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound