Whales Move Billions As Crypto Markets Remain Volatile
Quick Read
- A Bitcoin whale has moved over $2 billion of the largest cryptocurrency in a single transaction.
Despite failing to reach new highs, the Bitcoin blockchain is seeing massive Bitcoin transfers. According to the Bitcoin Block Bot, a crypto whale has moved 95,510 Bitcoin, worth nearly $2 billion at the time, in a single transaction.
While large Bitcoin transactions aren’t a new phenomenon on the Bitcoin blockchain, a $2B transaction is one of the largest on record. Moreover, the transaction only cost 0.00147700 BTC (~$35) in fees to send.
Altcoin Markets See Volatility
Meanwhile, crypto altcoin markets remain volatile. The third-largest cryptocurrency, XRP, has seen immense volatility, bottoming out near $0.21 and then surging to just over $0.37 on massive volume.
Meanwhile, Bitcoin dominance continues to fall from recent highs, which may bode well for altcoins as they have generally declined in value against Bitcoin amid the ongoing bull run.
Disclaimer: Content displayed on thecryptoassociate.com is not investment advice. Investors should do their own research before investing in digital assets or anything displayed on this site. The Crypto Associate does not recommend trading any sort of investment in cryptocurrencies and digital assets. The Crypto Associate is not responsible for any losses incurred due to the buying or selling of cryptocurrencies displayed on this site. All content is for informational purposes only. The Crypto Associate does not endorse, affiliate or represent any third-party links including advertisements. The Crypto Associate participates in affiliate marketing. Read the full disclaimer
