According to a tweet posted by Bitgrow Lab founder @Vivek4real_, an anonymous crypto whale has transferred a gigantic amount of Bitcoin: 23,785 BTC worth $1.58 billion in fiat money.
According to a tweet posted by Bitgrow Lab founder @Vivek4real_, an anonymous crypto whale has transferred a gigantic amount of Bitcoin: 23,785 BTC worth $1.58 billion in fiat money.
Cryptocurrency transactions typically complete much faster than through a traditional bank, reaching the destination wallet in less than an hour, unless there are technical difficulties with validation. In addition, the commissions charged by them are usually small, unlike banks.
Transferring $1.5 billion through a bank would take several days and the fee would be huge.
Bitcoin Price Action After ATH
Meanwhile, the world’s flagship cryptocurrency, Bitcoin, has shown an increase of 6.49% in the last 24 hours, rising from $62,823 to the level of $66,898, where it is trading at the time of writing.
After hitting a new all-time high of around $69,200 on March 5, Bitcoin suddenly plunged a whopping 14.17% to hit a local low of $59,336. A quick recovery occurred and in the last two days, BTC recovered 12.31%.
Cryptocurrency trader and analyst Ali Martinez, popular on Crypto Twitter, has published a post saying that right now the key support level for Bitcoin is $66,112; This is where more than 306,676 Bitcoin transfers were made. If the flagship cryptocurrency falls below this crucial level, the next crucial support zone for Bitcoin will lie at $60,600, he tweeted.
Elon Musk’s Grok confirms Bitcoin ATH, ChatGPT does not
Earlier this week, tech mogul and billionaire Elon Musk took to Twitter/X to cite a tweet claiming that Bitcoin’s recent all-time high had sparked opposite reactions from xAI’s Grok AI chatbot and ChatGPT.
If the former confirmed that this historic price peak of $69,200 was reached, OpenAI’s ChatGPT denied the news. Musk created xAI to oppose OpenAI and its flagship product ChatGPT, which he believes is woke because it refuses to discuss certain sensitive topics with users. Last week, Musk filed a lawsuit against OpenAI and its CEO, Sam Altman, for violating the company’s initial charter as a nonprofit company. OpenAI has counterattacked Musk by sending early correspondence with him to the court.
