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49,506 BTC Moved by Coinbase and Whales, While Bitcoin Hits $45,000 and Rolls Back

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Mon, 08/09/2021 - 08:41
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Yuri Molchan
Bitcoin whales have transferred almost $1.8 billion in BTC as Bitcoin has rallied to $45,000 and declined a little after that
49,506 BTC Moved by Coinbase and Whales, While Bitcoin Hits $45,000 and Rolls Back
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Whale Alert service that tracks transfers of large amounts of crypto has spotted six massive Bitcoin transactions that took place in small intervals between one another and carried a total of close to $1.8 billion.

This jaw-dropping amount of Bitcoin was moved by crypto whales and the largest US-based crypto exchange Coinbase.

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Image via Twitter

Whales and Coinbase get 49,506 BTC moving as BTC rallies to $45,000

According to data provided by Whale Alert, anonymous crypto wallet owners and popular U.S.-based Coinbase exchange, which went public in April via a direct listing on the Nasdaq, made six Bitcoin transactions.

The four largest of them carried 10,100 BTC on average and two, conducted by Coinbase to unknown wallets, carried approximately 6,000 BTC each.

That was 49,506 Bitcoin in total—the equivalent of a staggering $1,759,058,112 in fiat USD currency.

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Image via Twitter

As reported by U.Today on Saturday, large anonymous cryptocurrency holders also shifted a whopping 111,200 Bitcoin between their BTC addresses.

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Bitcoin hits a 30-day peak over the weekend

Prior to that, on the same day, the flagship cryptocurrency rallied so much that it almost hit the $44,000 level on Saturday. The following day, Bitcoin managed to revisit the $45,000 price mark. However, it was unable to fix above it and retraced to the current $43,800 zone.

On Saturday, the king crypto managed to rise to a 30-day high as it went up to the $43,900 zone.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.