Crypto News - Large Bitcoin Transfers Worth $1.1 Billion In The Last 24 Hours - Bitcoin News

Nearly $1.1 billion in Bitcoin moved by a Bitcoin whale

Almost 5% has actually been contributed to the biggest cryptocurrency in the past 24 hours.

According to cryptocurrency tracking platform Whale Alert, Bitcoin whales have increased transfer activity by as much as 18%. BTC addresses have moved 19,000 Bitcoins to a secret crypto wallet.

Bitcoin transaction including $1.1 billion was taped on blockchain.com on 5 May at 19:38 UTC. The quantity was transferred via the network on that date.

A fast rise in Bitcoin's price has actually caused the motion of large BTC quantities, and the cryptocurrency is now trading near $57,000. Bitcoin is up by nearly 90% over the last 4 months, and the marketplace cap stands at more than $1.06 trillion.

Whale Alert noted the current rise in BTC transfers throughout several exchanges in addition to the most recent transaction.

Coinbase reported the other day that a crypto whale moved 2,250 Bitcoin worth $125 million from a digital wallet to Coinbase.

An address holding almost $47 million worth of BTC has moved 820 coins to Binance from Xapo today.

The whale activity in the last couple of days combined with Bitcoin has influenced other cryptocurrencies such as Ethereum, XRP, USDT and Binance Coin.

Today, a top Ethereum whale address sent out 159,391 ETH to an unknown crypto wallet. The deal is valued at $558 million.

In another announcement, Latin American e-commerce giant, MercadoLibre revealed their deposits of Bitcoin.

It was announced yesterday that the company acquired almost $7.8 countless Bitcoin as part of its treasury method.

BTC-related financial investments drew in $442 million of institutional financial investment over the past week, according to the most recent CoinShares report on digital asset circulations.

Over $5.4 billion worth of BTC are now held by MicroStrategy, among the leading business intelligence companies.