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The world’s largest cryptocurrency transfer was made

10:33 am, January 5, 2024

Cryptocurrency holders are discussing an unusual transaction in the Bitcoin network: 210,010 BTC were recently transferred in block 824 239, which was one of the most significant transfers in the entire period of existence of the flagship crypto asset BTC $74,845.93 Bitcoin 0.66% Market capitalization $1.48 trillion VOL. 24 hours $4.92 billion . Analysts from CryptoQuant revealed the details of the transaction, causing a flurry of discussions in the crypto community.

A breakdown of the transfer shows that 210,010 BTC was received from the wallet address bc1qgdjqqv0… nvqqqjjwvw97. The output is a significant distribution of 6,000 BTC to the address 1Kr6QSydW9… pJGmUa9i1g. It is noteworthy that the balance of the monumental transfer, which amounts to 204,010 BTC, returned to the original address.

Analysts also learned that the sender’s address, bc1qgdjqv0… nvqqqjwv97, is associated with the cold wallet of the Bitfinex crypto exchange

The big transfer has generated a lot of speculation, especially against the backdrop of the prevailing FUD(Fear, uncertainty and doubt — ed.) sentiment. It is noteworthy that the price of bitcoin has recently surpassed the $ 45,000 mark, and on Wednesday, January 3, it plummeted. The reason is that a Matrixport report suggested that the SEC may reject all applications for a spot bitcoin ETF in January.

It should be added that as of the morning of January 5, bitcoin was able to grow by 1.81%. According to the analytical tracker CoinMarketCap, the main cryptocurrency is trading at $ 43,871 with a market capitalization of $ 859 billion. Traders made daily trading deals worth $ 34.9 billion. Bitcoin’s market share is 51.5%.

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