Whale transferred 6,500 Bitcoins as price reached $36k

Three wallets possibly be owned by the same person moved 6,500 BTC for the first time in six years.

According to blockchain explorer OKLink, Bitcoins (BTC) arrived at these three addresses on Nov. 5, 2017. The value of the transferred bitcoins at the current price exceeds $230m.

Bitcoin addresses | Source: OKLink
Bitcoin addresses | Source: OKLink

According to on-chain data, the bitcoins transferred by the whale belong to the so-called “ancient reserve”. This is what analysts call coins purchased or mined at least 7 years ago. Some BTC came from an address marked on bitinfocharts as F2Pool, which may belong to early miners.

On Nov. 1, the Bitcoin rate set a new high from May 2022. At the moment, the price of the asset was above $36,000. Against the backdrop of a jump in the Bitcoin rate, the volume of liquidations on futures contracts reached $161m in 24 hours, according to CoinGlass.

Whale transferred 6,500 Bitcoins as price reached $36k - 1
Source: CoinGlass

In addition, all assets from the top 10 by capitalization are in the “green” zone, according to CryptoRank.

Whale transferred 6,500 Bitcoins as price reached $36k - 2
Source: CryptoRank

The jump in the Bitcoin rate occurred against the background of the announcement of the Federal Reserve’s decision on the interest rate. The regulator left it unchanged. It is noteworthy that immediately after the meeting the activist reacted with restraint. Following the rise of Bitcoin, the altcoin market also showed growth.

You might also like: Nearly $1b of Bitcoin leaves exchanges in 24 hours
Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

Is $200 Within Reach For Solana Price? Here’s Why This Blockchain Firm Thinks So

Image
Like the general crypto market, the price of Solana (SOL) witnessed significant growth over the past week. According to the latest on-chain data, this might only be the beginning for SOL’s price, with several indications of further upside potential for the altcoin. What’s Behind Solana’s Recent Price Climb? In a new report, blockchain intelligence firm Santiment offered insight into the recent price of Solana. According to the analytics platform, the price of SOL has swung upward by more than 33% since the 4th of July, rewarding investors who continued to bet big on it despite the sluggish market conditions. Related Reading Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses? 19 hours ago Santiment mentioned that this positive run of form displayed by the altcoin over the past two weeks can be linked to investo
Read more

Base launches 8-week boot camp to train blockchain developers

Coinbase’s layer-2 (L2) network, Base, has launched an eight-week training course to turn traditional software developers into blockchain developers. The Base network, part of the broader Coinbase ecosystem, has announced the launch of Base Bootcamp. It is an intensive, eight -week program designed to turn traditional software developers into proficient, smart contract developers .  Introducing Base Bootcamp, an eight-week program designed to turn experienced developers into smart contract developers Base Bootcamp will make learning interactive and collaborative, with support from experienced engineers and dedicated mentorshttps://t.co/gecI1FMpzT — Base ️ (@BuildOnBase) October 20, 2023 The Base Camp program aims to bring more people into blockchain technology. The current number of on-chain developers sits at less than 30,000, while over 30 million work in software development as a whole, according to the L2 network. This initiative aims to bridge this gap and make a new ec
Read more

Bitcoin Ordinals marketplace Bioniq launches on ICP

Bioniq, a new market place for Bitcoin Ordinals, introduces a distinctive approach by operating on the Internet Computer (ICP) blockchain. The introduction of Bioniq, a Bitcoin Ordinals market place, marks a notable development in the evolving landscape of cryptocurrency. Distinctively, Bioniq operates on the Internet Computer (ICP) blockchain, a platform developed by Dfinity, rather than directly on Bitcoin. This approach positions ICP as a type of layer-2 network for Bitcoin, a significant deviation from traditional practices in this space. Hello world! We're an experienced team of Web3 developers bringing you the worlds greatest trading experience for ordinal NFTs Send, receive, inscribe, buy, sell, swap, trade, auction, offer, and collateralize all in the works Can't wait to show you what we are building — bioniq (@bioniqMarket) February 28, 2023 Bioniq claims to offer several benefits including being the “world’s fastest” market place for Bitcoin Ordinals, incorporat
Read more