Calls for Bitcoin Plunge Emerge Over Mysterious $1.5bn BTC Transfer
A high-volumed transfer to a Bitcoin exchange wallet made on February 21 has raised calls for a broader price correction among risk-averse traders.
Related News
Bitcoin has seen a slight retrace this morning, with bulls being unable to break above the immense selling pressure that exists around $16,000 Today’s move lower has been somewhat slow and has yet to force the crypto below any crucial level One trader is now offering a somewhat grim outlook on the cryptocurrency, noting that he is expecting it to see one more impulse higher before topping and posting massive losses He is particularly looking […]
Ethereum was struck hard by the plunge seen yesterday evening by the aggregated crypto market After setting fresh 2020 highs of $495 alongside BTC’s push towards $19,000, the cryptocurrency saw a rapid and unrelenting plunge that sent it to lows of $450 on some trading platforms This 10% decline occurred over the course of a few minutes and sent shockwaves throughout the entire market It has since recovered from these lows and is now consolidating […]
It is not unusual for wallets with high-volume transactions and large holdings to pique the interest of the Bitcoin community due to their sheer size. One such wallet is that of a mysterious whale, which had reportedly accumulated $3 Billion in Bitcoin in the last three months. And now, it seems the owner’s identity has […]
As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried has addressed the issue publicly on social media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News has also provided an in-depth look at the rise and fall of the toppled exchange behemoth. All this and more, just below. FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’ On Nov. 10, 2022, FTX CEO Sam Bankman-Fried....
Bitcoin fell more than 7 percent on Monday after a whale deposited 18,000 BTC into a Gemini wallet. The flagship cryptocurrency dropped to an intraday low of $54,568 at 0940 UTC, down 7.47 percent into the European session. Its correction started on Sunday after the price reached a new record high above $61,000. Traders used […]