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Almost $392 Mln in Bitcoin (BTC) Moved Between Unknown Wallets, Coinbase Involved

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Tue, 02/11/2020 - 15:46
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  • Nearly $392 mln in Bitcoin has been transferred between unregistered BTC wallets with the Coinbase exchange involved in one of the transactions, Whale Alert reports

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The Twitter bot Whale Alert kindly informs the community that three gargantuan Bitcoin transfers have been detected just recently. Together they total $391,671,618 (that’s 39,554 BTC).

The transactions were made between Bitcoin wallets with anonymous owners. However, the sender in one of them is the cryptocurrency exchange Coinbase, headquartered in San-Francisco, California.

Whale Alert BTC
Image via Twitter

Almost 40,000 BTC on the move

The three transactions spotted by Whale Alert provoked all types of speculations – from Bitfinex maintenance announced earlier today to the funds moved by the PlusToken cryptocurrency scam.

Bitcoin whales were also mentioned.

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Huge Bitcoin stashes moving around

Massive Bitcoin transactions started appearing more often on the Whale Alert page after Bitcoin started approaching the $10,000 level.

By the time of writing this, the flagship currency has hit $10,000 and is trading slightly above this price mark.

As reported by U.Today previously, almost one billion US in BTC was transferred between Bitcoin wallets with unregistered owners on February 1.

About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin (BTC) Price Targets $6,500 Before Future Pullback: Analysts

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Mon, 03/30/2020 - 12:34
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  • Two days ago Bitcoin (BTC) failed to conquer a bearish stronghold at $7,000, which sent it to sub-$6,000 areas. When can we expect the next attack?

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Two major cryptocurrency traders and analysts believe that $6,500 may be the final level of this ‘fake rally’ before a new fall for the crypto king.

Relatively calm but targets $6,500

Seasoned crypto trader and analyst Michael van de Poppe recommended his followers to switch their attention towards altcoins.  According to him, many of them may bring profit in the short-term perspective:

$BTC is remaining relatively calm, so you can see alts pop here and there. If $BTC goes in accumulation modus, that will probably be the time that they start to kick off.  Probably during the summer. 

Although, with today's bullish momentum, Bitcoin (BTC) could reach $6,400 and even $6,500 fast.  But once it reaches this level, the U-turn is over and we can brace ourselves for a new decline.

The views of Mr. van de Poppe were shared by CryptoBirb, a prominent analyst and founder of The Birb Nest educational platform. According to him, $6,400-$6,600 is the most comfortable area for the ongoing Bitcoin (BTC) price move.

At printing time, Bitcoin (BTC) trades at $6,340 on major spot exchanges.

Don’t recommend Bitcoin (BTC) to Peter Schiff

Famous ‘gold bug’ Peter Schiff never ceases mocking Bitcoin (BTC), with no regard to bullish or bearish sentiments in the market. Yesterday, he compared the declines from the ATH demonstrated by both his beloved gold and the flagship cryptocurrency. 

Since the Bitcoin (BTC) fall has been five times deeper, he doesn’t have enough words to characterize its advocates. 

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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