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Almost $1.1 billion in Bitcoin transferred by a Bitcoin whale.
Practically 5% has been contributed to the largest cryptocurrency in the past 24 hours.
According to cryptocurrency tracking platform Whale Alert, Bitcoin whales have increased transfer activity by as much as 18%. BTC addresses have moved 19,000 Bitcoins to a secret crypto wallet.
Bitcoin transaction including $1.1 billion was recorded on blockchain.com on 5 May at 19:38 UTC. The amount was transferred by means of the network on that date.
A fast rise in Bitcoin's price has led to the movement of large BTC quantities, and the cryptocurrency is now trading near $57,000. Bitcoin is up by nearly 90% over the last 4 months, and the market cap stands at more than $1.06 trillion.
Whale Alert noted the recent increase in BTC transfers across several exchanges in addition to the current deal.
Coinbase reported the other day that a crypto whale moved 2,250 Bitcoin worth $125 million from a digital wallet to Coinbase.
An address holding nearly $47 million worth of BTC has actually moved 820 coins to Binance from Xapo today.
The whale activity in the last number of days integrated with Bitcoin has actually influenced other cryptocurrencies such as Ethereum, XRP, USDT and Binance Coin.
This morning, a top Ethereum whale address sent out 159,391 ETH to an unidentified crypto wallet. The deal is valued at $558 million.
In another statement, Latin American e-commerce giant, MercadoLibre exposed their deposits of Bitcoin.
It was announced the other day that the company bought almost $7.8 countless Bitcoin as part of its treasury strategy.
BTC-related investments drew in $442 million of institutional financial investment over the past week, according to the latest CoinShares report on digital possession flows.
Over $5.4 billion worth of BTC are now held by MicroStrategy, one of the leading service intelligence companies.
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