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$1 Bln Bitcoin Transfer: Everything We Know About the New Whale on the Block

  • Alex Dovbnya
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    The mysterious whale created a breeding ground for different theories 

$1 Bln Bitcoin Transfer: Everything We Know About the New Whale on the Block
Cover image via www.freepik.com

A gargantuan transfer of 94,504 Bitcoin (about $1.031 bln), which was detected by Whale Alert earlier today, made a substantial amount of buzz within the cryptocurrency community.

It has been specified that the wallet did not belong to any cryptocurrency exchange. In fact, according to BitInfoCharts data, this is currently the fifth richest Bitcoin address (only trailing behind those wallets that belong to cryptocurrency exchanges).

The very first transaction took place on Sept. 6, which means that we have practically no information about this newly created wallet. 

According to London-based Blockchain firm TokenAnalyst, more than 30 percent of this BTC fortune was sent from the Huobi exchange.

As reported by U.Today, the transfer could be linked to the launch of the Bakkt Warehouse, which was slated for Sept. 6.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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