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Bitcoin whales move over $84 million as king coin continues to bleed



Source: Pixabay

Over the last 24 hours, Bitcoin, the first and largest cryptocurrency by market cap, has been witnessing a drop of 14.10%. At the time of writing, the coin was valued at $8,358 with a market cap of $150 million. The 24-hour trading volume of the digital gold was $28.94 billion, with most of it coming from BKEX exchange via the trading pair BTC/USDT. The king coin wasn’t the only one witnessing a drop in its price, as altcoins like ETH and XRP were also headed towards their yearly lows.

Amidst the fall in the price of the king coin, online cryptocurrency transaction tracker Whale Alert, shared a post on Twitter revealing that a massive amount of Bitcoin were on the move. The tweet read,

“10,000 #BTC (86,898,180 USD) transferred from unknown wallet to unknown wallet”

According to Whale Alert, the transaction took place between two unknown wallet addresses on the Bitcoin blockchain. The transaction was initiated by wallet address 3R1hBCHURkquAjFUv1eH5u2gXqooJkjg4B who sent out 9,999.99 BTC worth $84,270,284.83 to wallet address 3HpQozfTzoXAsHf87m2mwJXUQ14LVtLgK4.

The transaction took place on 24 September 2019 at 21:39:17 UTC with a transaction hash of 7c10ada39ba353587b1599f60e4f5ced4316918e71ccb534402590aab7cd78fa. The fee for the aforementioned transaction was 0.0018 BTC, which is $15.10 and the block height was #596413.

Additionally, the receiving wallet address had a final balance of  10,005.99663623 BTC worth $82,982,631.84. The sender had a total balance of 27,899.37748329 BTC, which is worth $234,314,316.76.

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Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.