Friday, November 15, 2024
HomeBTCUSD 669 million worth bitcoin transferred to Coinbase and unknown addresses: Whale...

USD 669 million worth bitcoin transferred to Coinbase and unknown addresses: Whale Alert

Popular cryptocurrency tracker Whale Alert has reported that more than USD 500 million in Bitcoin has been transferred between major US-based digital exchange Coinbase and multiple anonymous crypto addresses. In addition, two inactive Bitcoin wallets with 100 BTC in them were reactivated after 12+ years.

According to the aforementioned tracking service, anonymous whales have performed many transactions in the last 16 hours to deposit around USD 246 million in Bitcoin into the Coinbase exchange and withdrawn nearly USD 422 million from it to addresses tagged as “unknown” by Whale Alert.

Anonymous whales transferred a total of 5,678 BTC to Coinbase and withdrew 9,736 BTC. At the time of writing, it is worth USD 246,629,608 and USD 422,892,896, respectively. Separately, 4,100 Bitcoins worth USD 178,865,674 were transferred from a Gemini address to Coinbase and then withdrawn to an unknown address.

After the Fed discussion, which did not rule out another interest rate hike, the price fell by 50 basis points. In addition to Bitcoin losing 5% of its value, the Nasdaq fell 4.5 percent.

Related Posts:
Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

four − 3 =

- Advertisment -

Most Popular