The crypto markets experienced significant shocks last week, particularly due to uncertainties related to emerging conflicts. These events inflicted substantial damages on the market. Amidst these developments, Blackrock’s acquisition of $111 million in BTC possibly signaled a buying opportunity, rejuvenating the sentiment in the market. In the midst of all this, DWF Labs executed a purchase today.
DWF Labs Makes a Purchase
The prominent market maker DWF Labs had been noticeably active with its recent acquisitions and large investments. According to a recent announcement, DWF Labs has completed a new purchase.
The announcement revealed that DWF Labs purchased $8 million worth of SPACE ID (ID) Tokens from Binance Exchange. This purchase by DWF Labs also notably impacted the altcoin market.
SPACE ID on the Rise
Following the announcement, the ID Token quickly saw a 10% increase in price, reaching up to $0.7785. However, the price of ID later retracted slightly and is currently trading at $0.7465 as of this writing.
The market cap of ID also rose similarly, while there was a decrease in the 24-hour trading volume. The market cap reached $385.5 million, moving it up to the 175th rank.
Despite the news, the 24-hour trading volume saw a 21.7% decline, totaling only $81.5 million.
What is Bitcoin’s Current Price?
While these events unfolded, attention also turned to Bitcoin. After dipping to $60,000 on Saturday evening, BTC has recovered and is currently trading at $65,400.
This indicates a 2% increase in BTC price over the last 24 hours. Bitcoin‘s market cap remains just below $1.3 trillion at $1.28 trillion. The 24-hour trading volume has decreased by 33%, falling to $42.5 billion.
Currently, the biggest gainer of the day among the top 10 is TON, which after a 9.27% increase, is trading at $6.91, solidifying its 8th place. The market cap gap with Ripple has narrowed down to $4 billion.
