Skip to main content

Unknown Bitcoin whale moves $1.3 billion in minutes

An unknown BTC trader transferred over 132,255 BTC estimated to be roughly worth about $1.3 billion in three transactions just one minute apart.

CRYPTOCURRENCYBitcoin users rise in Nigeria despite Senate, CBN campaign against it, Nigerians losing millions to crypto fraud, Investing in cryptocurrencies in this economic shutdown, Bitcoin could hit above $100,000 by August 2021, Hedge funds, Institutional investors rush to have a stake in Bitcoin, An unknown Bitcoin whale moved $1.3 billion in few mins

Bitcoin whales definitely have an agenda under their sleeves based on recent events unfolding in the BTC market.

According to data obtained from blockchain, an unknown Bitcoin (BTC) trader transferred over 132,255 BTC estimated to be roughly worth about $1.3 billion in three transactions just one minute apart on June 11.

The cryptocurrency was moved in block 643,133.

The BTC transactions came as the price of Bitcoin was still trading under a key resistance level, $10,000.

What you need to know about a bitcoin whale; 

A bitcoin whale is used to refer to individuals, or institutions, that hold large amounts of bitcoins. 

According to data obtained from Coinmarketcap, bitcoin is presently trading at $9,857 with a market capitalization of $181.3 billion, at the time this report was drafted. 


Meanwhile, Bitcoin’s price continues to trade below the $10,000 mark, but the crypto asset remains in a bullish trend as investors have been buying into it each time it drops below $9,500. 

According to Lookintobitoin creator,  Philip Swift:

“The recent confluence of the 200 days moving average and the 128 days MA creates an area of important support for the price. During the 2016/17 bull market, the 128 MA frequently acted as the key support for the price. Again, two weeks ago, price bounced right off it and ran back towards the $10,000 area.”

Some crypto traders, investors are still waiting on the sidelines to see how this situation unfolds. 

While it is difficult to predict market movements, Bitcoin whales have always shown historically that they often determine Bitcoin’s trend.

Source: nairametrics.com

Comments

Contact us

Name

Email *

Message *

Popular posts from this blog

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry.  The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling.  Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk ab...

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

  Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move  does not seem to be going over well  with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a  FAQ provided by Coinbase , for Canadian users, ...

Farm GRASS earn MONEY

  Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets.  One such groundbreaking avenue involves earning money by selling your unused internet connection.  By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks.  It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen.  The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How ...