Unknown Crypto Whale Transfers $620 Million Bitcoin in Single Transaction
- Anonymous bitcoin user moved 32,353 BTC to an unknown wallet in a single transaction on Sunday.
Whale Alert, a cryptocurrency tracking and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term company reported a significant Bitcoin transaction on Sunday, where an unnamed wallet transferred 32,353 BTC worth approximately $620 million to another unknown wallet.
According to the details shared by the 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 tampe 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 tampe Read this Term tracker, the transaction executed on 13 December is one of the biggest transfers in recent days. The user only paid around $12 in the transaction fee.
The recent move came after the price of Bitcoin jumped from $17,600 to $19,200 over the weekend. Finance Magnates earlier reported a similar move where an anonymous crypto user moved around $1 billion in BTC from Silk Road Darknet wallet.
The transaction reported by Whale Alert signals a volatile week ahead for the crypto market as Bitcoin has been hovering between $17000-$19000 for the last couple of weeks.
As per the details available on Blockchain.com, the mentioned BTC address made few transactions in the past but not as big as the recent one.
Bitcoin Activity
According to a report by Unchained Capital, a bitcoin-focused financial services company, Bitcoin holders moved nearly 185,000 dormant BTC during the latest November price rally, which means nearly $3.5 billion worth of Bitcoin moved out of long-term storage amid a 40% price jump. Unchained capital reported that bitcoin activity has increased in recent months due to a jump in price. The $620 million transfer marks another major transaction from a relatively quiet Bitcoin account, which shows that BTC holders are planning to take advantage of the price jump.
Bitcoin has struggled to breach the important $20,000 psychological price level despite institutional adoption and a flurry of positive news. The crypto trading community is expecting increased volatility in prices due to recent activities. December has always been a volatile year for digital assets. Furthermore, Bitcoin reached the last high of nearly $20,000 in December 2017 amid the ICO boom. It will be interesting to see what happens in the last couple of weeks of 2020.
Whale Alert, a cryptocurrency tracking and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term company reported a significant Bitcoin transaction on Sunday, where an unnamed wallet transferred 32,353 BTC worth approximately $620 million to another unknown wallet.
According to the details shared by the 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 tampe 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 tampe Read this Term tracker, the transaction executed on 13 December is one of the biggest transfers in recent days. The user only paid around $12 in the transaction fee.
The recent move came after the price of Bitcoin jumped from $17,600 to $19,200 over the weekend. Finance Magnates earlier reported a similar move where an anonymous crypto user moved around $1 billion in BTC from Silk Road Darknet wallet.
The transaction reported by Whale Alert signals a volatile week ahead for the crypto market as Bitcoin has been hovering between $17000-$19000 for the last couple of weeks.
As per the details available on Blockchain.com, the mentioned BTC address made few transactions in the past but not as big as the recent one.
Bitcoin Activity
According to a report by Unchained Capital, a bitcoin-focused financial services company, Bitcoin holders moved nearly 185,000 dormant BTC during the latest November price rally, which means nearly $3.5 billion worth of Bitcoin moved out of long-term storage amid a 40% price jump. Unchained capital reported that bitcoin activity has increased in recent months due to a jump in price. The $620 million transfer marks another major transaction from a relatively quiet Bitcoin account, which shows that BTC holders are planning to take advantage of the price jump.
Bitcoin has struggled to breach the important $20,000 psychological price level despite institutional adoption and a flurry of positive news. The crypto trading community is expecting increased volatility in prices due to recent activities. December has always been a volatile year for digital assets. Furthermore, Bitcoin reached the last high of nearly $20,000 in December 2017 amid the ICO boom. It will be interesting to see what happens in the last couple of weeks of 2020.