# Binance buys 43,000 Bitcoin !! By [SoaringBear](https://paragraph.com/@soaringbear) · 2022-04-25 --- As the crypto market deepens its losses, the company Binance is buying Bitcoin en masse. With a purchase of 43,000 BTC a few days ago. Despite falling nearly 40 percent since its all-time high in November, Bitcoin continues to appeal to big investors. And for good reason, Binance just invested $2 billion in the world’s largest crypto project. While many investors have been fleeing the mother of all crypto-currencies for several weeks, the Binance platform is taking the opposite bet. On January 4, the exchange bought nearly $2 billion worth of Bitcoin. That’s just the beginning! The address 3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb, at the origin of the movements bought 43,000 BTC for an average price of $ 46,553. In 2019, the platform had confirmed to be the owner of this wallet. At present, this wallet contains 116,601 BTC, or about $4.7 billion at the current price. Meanwhile, the FED’s announcements about a faster increase in key interest rates have played very negatively on the crypto market. In the evening and night of Wednesday and Thursday, most of the major crypto projects were showing losses of around 10% over 24 hours. A decline also related to the instability in Kazakhstan. With protests that have led to a huge nationwide power outage. Remember that Kazakhstan is the second country in the world for Bitcoin mining. According to many analysts, the $40,000 mark is now a vital level for the Bitcoin price. If it were to break this bar on the downside, the token could quickly fall to the $30,000 level. We would then be back to the level that Bitcoin was at the end of July, when the crypto market recovered after a complicated late spring. Some observers point out that January could also be marked by the return of institutional investors to digital currencies. And for now, most of these investors are still largely confined to Bitcoin or Ethereum. The price of the queen of cryptocurrencies could therefore appreciate according to this parameter. In any case, the investment of a company like Binance sends a positive signal about the future of Bitcoin. More articles on : [https://paulecom.medium.com/](https://paulecom.medium.com/) --- *Originally published on [SoaringBear](https://paragraph.com/@soaringbear/binance-buys-43-000-bitcoin)*