The Crypto Times
Image default
Bitcoin News

25 High Value BTC Transactions Amounting to $6 Billion Placed in One Block

A Twitter account dedicated to Bitcoin (BTC) activity reported a substantial high-value transactions that occurred in one single block towards the end of June. 

The Twitter account Bitcoin Block Bot disclosed that 25 bitcoin business dealings worth around $6 billion on June 30 were counted in block 583,139. 

AmbCrypto on the Issue

According to crypto media outlet AmbCrypto, the transactions were part of a larger, linear deal. The undertaking was initiated by Wallet 1, which sent 24,392.93062596 BTC to wallet 2 and 300 more tokens to a third wallet. 

The last address got a total of 5,800 BTC and was the receiver in all the transactions. 

The second wallet also moved 300 BTC to a third wallet and 24,092.93013651 to wallet 4. This chain went on for 23 more transactions. 

Interestingly, one deal that came from a vanity address included a message in its outgoing scripts stating that they will buy your Bitcoins and provided the address

5,959,532 BTC

Wallet 3 had conducted 440,505 transactions as of press time. It also received 5,959,532 BTC all in all. The wallet present holds about 6,445 BTC, which translates to around $72.5 million.

The recent transactions could be an indication that the Bitcoin is headed towards a resurgence. Mike Novogratz, crypto aficionado and Galaxy Digital creator, said last week that the price of Bitcoin could stabilize anywhere from $10,000 and $14,000. 

The sentiment appears to be supported by Thomas Lee, the co-founder of Fundstrat Global Advisers. Lee claimed that the token’s volatility means it makes more sense for traders to approach it using a long-term strategy.

Related posts

Apple’s New SEC Filing Hints of Blockchain Project in the Works

Sierra Sanders

New York Times to Use Hyperledger Fabric Platform to Fight Media Misinformation

Viena Abdon

Olympic Gold Medal Winner Serena Williams Joins the Coinbase Bandwagon

Viena Abdon

Winklevoss Twin Renews Stand that Bitcoin is Better than Gold

Viena Abdon

BSV, BTC, ETH, and XEM Tagged as Top Crypto Performers

Viena Abdon

D10e to Host First Ever ICO Pitch Competition Yielding Investments From Top Crypto Hedge Funds