Anonymous Bitcoin User Transfers 9,156 BTC Just before the Crash
- The Bitcoin price crashed by more than 15% as an unknown user transferred $300 million BTC right before the crash.

Bitcoin price crashed below $30,000 on Monday as the world’s largest cryptocurrency lost $50 billion in market cap within hours. An anonymous Bitcoin user transferred 9,156 BTC worth nearly $300 million on Monday just an hour before the crash started.
According to the details provided by Whale Alert, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term tracker and analytics system, an unidentified crypto holder transferred 9,156 Bitcoin on Monday 4 Jan 2021 06:59:39 UTC, hardly an hour before the recent dip in the cryptocurrency market.
The Bitcoin user shifted the amount to an unknown wallet and has not been spent since then. Similar transactions were reported by Whale Alert earlier today when anonymous cryptocurrency users transferred 4,000 Bitcoin and 2,000 Bitcoin respectively in two separate transactions.
The volatility in the crypto market has increased significantly since the start of 2021, the price of Bitcoin jumped above $34,000 on Sunday and recorded a massive gain to reach an all-time high level. Finance Magnates earlier reported about Ethereum breaching the $1,150 mark as the world’s second-largest cryptocurrency gained more than 30% in 24 hours.
Bitcoin Crash
The price of Bitcoin dipped below $30,000 on Monday after the recent correction triggered a $70 billion sell-off in the crypto market. Bitcoin is currently trading above $30,000 as the market cap of the world’s largest cryptocurrency dipped from $615 billion to $560 billion. On the other hand, Ethereum is currently trading below $1,000, a significant drop from $1,150. The recent price rise in Bitcoin and Ethereum not only helped retail investors but also pushed the value of Grayscale’s crypto assets under management to a new high. Last week, the world’s largest crypto asset manager reported that the total value of its assets under management jumped above $20 billion. The latest data from Bybt shows that the value of Grayscale’s crypto assets under management has crossed $23 billion.
Bitcoin price crashed below $30,000 on Monday as the world’s largest cryptocurrency lost $50 billion in market cap within hours. An anonymous Bitcoin user transferred 9,156 BTC worth nearly $300 million on Monday just an hour before the crash started.
According to the details provided by Whale Alert, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term tracker and analytics system, an unidentified crypto holder transferred 9,156 Bitcoin on Monday 4 Jan 2021 06:59:39 UTC, hardly an hour before the recent dip in the cryptocurrency market.
The Bitcoin user shifted the amount to an unknown wallet and has not been spent since then. Similar transactions were reported by Whale Alert earlier today when anonymous cryptocurrency users transferred 4,000 Bitcoin and 2,000 Bitcoin respectively in two separate transactions.
The volatility in the crypto market has increased significantly since the start of 2021, the price of Bitcoin jumped above $34,000 on Sunday and recorded a massive gain to reach an all-time high level. Finance Magnates earlier reported about Ethereum breaching the $1,150 mark as the world’s second-largest cryptocurrency gained more than 30% in 24 hours.
Bitcoin Crash
The price of Bitcoin dipped below $30,000 on Monday after the recent correction triggered a $70 billion sell-off in the crypto market. Bitcoin is currently trading above $30,000 as the market cap of the world’s largest cryptocurrency dipped from $615 billion to $560 billion. On the other hand, Ethereum is currently trading below $1,000, a significant drop from $1,150. The recent price rise in Bitcoin and Ethereum not only helped retail investors but also pushed the value of Grayscale’s crypto assets under management to a new high. Last week, the world’s largest crypto asset manager reported that the total value of its assets under management jumped above $20 billion. The latest data from Bybt shows that the value of Grayscale’s crypto assets under management has crossed $23 billion.