DayOfCrypto
  • Home
No Result
View All Result
DayOfCrypto
No Result
View All Result
DayOfCrypto
Home Other
bitcoins-worth-$83m-moved-between-wallets-for-only-$1.64

Bitcoins Worth $83M Moved Between Wallets for Only $1.64

by Admin
November 1, 2019
in Other
289 3
0
Share on FacebookShare on Twitter

A major transfer has just occurred between two external wallets. 9,013 bitcoins ($83M) have been moved for just a fee of $1.64 as a whale presumably consolidates its funds.

Whale Alerts (@whale_alert) has notified its followers on Twitter of a major Bitcoin (BTC) transfer that occurred earlier today. Around 9,013 coins ($83M) were moved between wallets — with commentators currently split over whether this was an exchange or a major market player.

It should also be noted that the fee for this $83 million dollar transfer was just $1.64.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 9,013 #BTC (83,150,148 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/s3ehAelXXh

— Whale Alert (@whale_alert) October 31, 2019

What’s Behind the Movement of Bitcoins?

As of now, it’s unclear what the motivation was behind the move.

The recipient address was previously empty and only has one transaction to it — which is the 9,013 bitcoins. The transfer is likely just a whale moving funds to another address just for security purposes, but that didn’t stop commentators from speculating.

One user, Cameron Brooks (@cambrooks), claims that the sending address had activity like this on July 29 — just a day before Bitcoin’s major move upward from $9,150 to $11,900. This may just be a coincidence, but Brooks claims that this was also the last day the United States Federal Reserve also cut interest rates.

These wallets last had activity like this on July 29th pic.twitter.com/UzzRrzfM3A

— Cameron Brooks (@cambrooks) October 31, 2019

Is It Just an Exchange?

Others are claiming that the transfer was between cold wallets for an unknown exchange. However, thus far, no exchange has come forward to claim this move.

Overall, the transfer will have likely have little to no impact on the market. Yet, it does demonstrate how efficient Bitcoin really is for moving large amounts of value. Last week, BeInCrypto reported that one whale moved 18,000 BTC ($134M) for a fee of just $3.55.

Higher and higher sums are being transacted on Bitcoin’s network than ever before, which demonstrates real value in the cryptocurrency market. It’s a positive sign for the leading cryptocurrency moving forward.


Images courtesy of Twitter.


Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!

The post Bitcoins Worth $83M Moved Between Wallets for Only $1.64 appeared first on BeInCrypto.

Admin

About Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Popular Tag

Adoption Banks Binance Binance Coin Bitcoin Bitcoin Cash Bitcoin Price Bitcoin Regulation Bitcoin SV Blockchain Central Bank China Coinbase Crimes Cryptocurrencies Cryptocurrency Exchange EOS Ethereum Ethereum Price Facebook Germany Government Investments Japan Law Libra Litecoin Markets Market Update Mining Payments Regulation Ripple SEC Security South Korea Stablecoin Stellar Switzerland Tokens Tradings Transactions USA Wallet XRP

Recent News

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

November 8, 2020
Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

November 8, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
Skip to toolbar
  • About WordPress
    • WordPress.org
    • Documentation
    • Support
    • Feedback
  • Log In
  • AMP
    • View AMP version