Cryptocurrency News & Updates

$1.3 Billion in Bitcoin Shifted as Flagship Crypto Goes Above $51,000


A total of 25,000 Bitcoins were transferred to cryptocurrency wallets that are not affixed according to the latest blockchain data


According to the blockchain provider Whale Alert, which tracks huge amounts of cryptocurrency that are transferred between various market participants over the past thirty minutes, 2 huge chunks of Bitcoin were transferred between wallets marked “unknown.”

15,052 #BTC (773,461,440 USD) transferred from unknown wallet to unknown wallet

— Whale Alert (@whale_alert) December 24, 2021

Whales transfer around 25,000 Bitcoins

Two transactions that took place at 11:24 UTC. One transaction carried 10,157.578 BTC (totaling $521,948,400). The other transfer 15,052.245 BTC was shifted–the equivalent of $773,461,440. The two transactions total $1.295 billion total.

It is likely that these purchases due to their huge size, were carried out by crypto whales or belong to the OTC exchange.

10,158 #BTC (521,948,403 USD) transferred from unknown wallet to unknown wallet

— Whale Alert (@whale_alert) December 24, 2021

Bitcoin is able to regain the $51,000 mark

According to U.Today one day prior the most popular digital currency has risen above $50,000 from $48,600 mark and then surpassed the $51,000 mark, gaining 5percent on the day when traders were waiting for an “Santa rally” to occur.

It was the most expensive price achieved by BTC since December. 7 when it crossed the $42,000 level. It is now more than 22% over that mark.

“Santa rally” or the “Santa rally” term was created through U.S. stock traders and first was mentioned in the year 1972 Stock Trader’s Almanac. It refers to a significant influence of the calendar that drives stocks prices higher during the final 5 days in December.

As of the moment, Bitcoin manages to hold within its range of performance and is trading at $51,196.



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