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Home Markets Cryptos

Large entity moves over $628 million worth of Bitcoin

Olumide Adesina by Olumide Adesina
December 13, 2020
in Cryptos, Spotlight
$400 million worth of Bitcoin moved by a large entity amid BTC dropping to $18,000
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The flagship crypto market activity is rebounding strongly as seen in its recent price action and the ongoing activity of large entities.

Someone just moved 32,353 Bitcoins (628,484,540 USD) transferred from an unknown wallet to an unknown wallet.

 

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🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 32,353 #BTC (628,484,540 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/sqtqhRKxRI

— Whale Alert (@whale_alert) December 13, 2020

  • At the time of writing this report Bitcoin traded at $19,292.55 with a daily trading volume of $25.6 Billion.
  • Bitcoin is up 4.57% in the last 24 hours. It has a market value of $358 Billion and a circulating supply of 18,569,806 BTC coins and a maximum supply of 21,000,000 BTC coins.

What this means: The flagship crypto is obviously now in the limelight after leading global financial brands like MassMutual a leading global insurer became the latest company in buying $100 million of its portfolio into Bitcoin. This is adding to the impressive buy pressure at the moment, renewing hopes of Bitcoin breaking $20,000 this month


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Tags: Bitcoin
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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