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Showing posts from February, 2013

Bitcoin whales are responsible for BTC/USD

Bitcoin whales are responsible for BTC/USD sell-off below $10,000, will they push it back? (BTC) crashed below $10,000 during early Asian hours and failed to recover above the critical level so far. At the time of writing, BTC/USD is changing hands at $9,835, down 2.65% in recent 24 hours. The first digital coin hit a brick wall on approach to $10,200 and dropped under the pivotal area in a matter of hours.  Whales woke up and stirred the market A Twitter service Whale Alert (@whale_alert) has been busy posting data on large transactions. As large investors, also known as whales, play a crucial role in shaping trends and sentiments on the market, the information about they activity may shed some light on what to expect.  Thus, today someone transferred 15,000 BTC (about $149,508,150) from one wallet to another a few minutes before the price crash. Usually, transactions from and to unknown wallets do not affect the price, but, considering the timing, this might have imp

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