Nearly $1 billion worth of BTC moved off exchanges as price fell 5.4%

Nearly $1 billion worth of BTC moved off exchanges as price fell 5.4%

According to a recent report by cryptocurrency trader and analyst Ali Martinez, a mind-boggling amount of Bitcoin was withdrawn from cryptocurrency exchanges to cold wallets earlier this week.

Content
Advertisement

According to a recent report by cryptocurrency trader and analyst Ali Martinez, a mind-boggling amount of Bitcoin was withdrawn from cryptocurrency exchanges to cold wallets earlier this week.

This coincided with the price of the world’s largest cryptocurrency falling by almost 5.5%.

Whales withdraw billions of dollars in BTC

Martinez shared a chart provided by on-chain data aggregator CryptoQuant, showing that in the last 48 hours, cryptocurrency whales moved more than 14,140 BTC from cryptocurrency trading venues. That constitutes almost one billion US dollars in fiat equivalent.

HOT Stories
Top 20 Cryptocurrency Wallets in 2024
Top 20 Cryptocurrency Wallets in 2024
Ripple CEO breaks silence on recent milestones: details
MicroStrategy Announces Big New Debt Offering to Increase Bet on Bitcoin (BTC)
Ripple CTO Baffles XRP Army with Enigmatic X Post: Details

While many have been withdrawing BTC from exchanges, a major dormant wallet that was reactivated on Tuesday transferred 8,000 Bitcoins to the largest crypto exchange: Binance. That amount of BTC was valued at over $535 million at the time of the transfer.

Prior to that transaction, the whale remained dormant for approximately five and a half years.

Related

Wed, 06/12/2024 – 10:09
Dogecoin Founder Reveals How Elon Musk’s Wealth Could Increase by Billions

Bitcoin suddenly recovers $70,000

Since Tuesday, Bitcoin has skyrocketed 5.77%, generating a significant rise to the $70,000 level. However, this price mark recovered today after BTC printed a huge green candle on an hourly chart.

Today’s growth was 3.29% overall when May inflation (CPI) data was released. The consumer price index was lower than expected by analysts: 3.3% compared to 3.4%. This propelled Bitcoin higher, helping it regain an important psychological price mark.

However, at this point, BTC has seen a small pullback and is changing hands around the $69,700 zone.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة