After Switzerland Visit, Crypto Concerns Remain for US Regulators

39m
cointelegraph

Crypto-Obsessed AI Gets Drunk, Claims Ripple Surged to $9

39m
cryptonewmedia

Bit Flyer Customers Can Now Enjoy Ethereum-Based Services

1h
livebitcoinnews

50% of Bitcoin Wealth Held by Just 1,800 Wallets

1h
cryptoglobe

Opinion: crypto trading is the new Wall Street

1h
coinfox

Analyst: XRP Has One Of The Most Bullish Charts In The Market

1h
cryptonewmedia

We Need a Libra-Like Virtual Reserve Currency for the World, Says Bank of England Governor

1h
beincrypto

VEX BLOCK Technologies develops first crypto SIM Card wallet » The Merkle Hash

1h
cryptonewmedia

Symmetrical Triangle Pattern May Bolster Bitcoin Bulls

2h
newsbtc

Colorado Man Heading to Prison For Bitcoin Crimes

2h
livebitcoinnews

Brave Expands Crypto Tipping to Reddit and Vimeo After Twitter

2h
cointelegraph

Bitcoin: What Could 1 BTC be Worth After Mass Adoption?

2h
thebitcoinnews

Heroin Addict Turned Fortnite Streamer Feels ‘Obligated’ to Help People

2h
cryptonewmedia

Moneygram drives Ripple XRP volume: Ripple executive claims |

2h
cryptonewmedia

Crypto News From Brazil: Week in Review

2h
cointelegraph

Bitcoin Unlikely to Plummet By Another 30%, Declares Analyst

2h
newsbtc

Moneygram drives Ripple XRP volume: Ripple executive claims

2h
bitcoinwarrior

5 Costly Mistakes Blockchain Startups Should Avoid When Pitching Editors

2h
dailyhodl

ZCash and Other Sapling-based Altcoins are Subject to Powerful DoS Attacks

2h
nulltx

“Bullish on Crypto”: An Interview with Skrill CEO Lorenzo Pellegrino

2h
thebitcoinnews

Bitcoin Bombshell, Libra Rivals, Twitter Spats: Hodler’s Digest, Aug.…

2h
cryptonewmedia

Top 6 EOS Block Producers in 2019 » The Merkle Hash

2h
cryptonewmedia

Electron Cash Wallet Gets ‘Mecenas’ Recurring Payments Plugin for BCH

3h
bitsonline

Stay away from these cryptocurrency scams at large in 2019

3h
bitcoinwarrior

IOTA Price Analysis and Prediction for August 25th: Will the Bulls Overcome the Bears?

3h
nulltx


Bitcoin Bulls Awake Bitcoin Whale as $38 Million Moved in 2 Transactions

bitcoinnews

3mon ago

Bulls were not the only Bitcoin animals alive and kicking this weekend, as the bulls rampaging Bitcoin price back to the USD 8,000 levels today seem to have prodded a Bitcoin whale awake today, with two transactions silently moving some 5,000 Bitcoins worth USD 38 million.

Real time crypto transaction tracker WhaleAlert reported earlier today that an initial transaction of BTC 3,000 (USD 23.5 million) had been discovered between the address 1HL5rZWw5rGzFAB1mThEMxwazEBtWigs7B to the 3LAT8J4ywCXSceAJuncaztoL3FH1tNtqEx. Only several minutes later, BTC 2,000 (USD 15.7 million) had been detected, moving from an unidentified wallet to a wallet known to be associated with Bitfinex. More interestingly, the same wallet from the first transaction was found to also be involved, leading to speculation that the funds belonged to the same person.

According to a report from AMBCrypto, this is typical of an opportunistic move by large movers of Bitcoin taking advantage of May’s incredible swing in Bitcoin price. It quotes data from ProofofResearch, showing how Bitcoin whales were the chief people to benefit from a 30% price growth in Bitcoin since the first week of May. The same research, however, did believe that most whales had already exited the market to keep their profits.

Today’s bullish actions coinciding with the large movements of a whale stash of Bitcoins will, nevertheless, suggest that traders with deep wallets are far from done yet.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments