After the bitcoin price reached $ 40,000, there were three transactions involving the movement of more than 12,000 BTC by anonymous traders on the platform. This was announced by Whale Alert, a crypto-analytics system.
Activity of the unknown BTC whales
According to the available data, there has been an increase in the activity of unknown BTC whales recently. Since the start of the year there has been a massive rally, which could be largely due to the digital currency consistently winning at all-time highs.
It was announced that as soon as the price of the BTC digital currency reached $ 40,000 as well, the trader converted 4892 BTC before transferring 4306 BTC and 3400 BTC. While all this was done within one day, the value of digital currency transactions amounted to about $ 500 million. Transactions were executed using anonymous cryptocurrency wallets.
Just before the asset price crash, another trader made a trade involving more than 9,000 bitcoins in one fell swoop. The rate of these anonymous transactions has prompted financial authorities around the world to try to impose restrictions on the number of digital currency transactions.
Through FinCEN and other agencies, authorities in the United States are already authorizing cryptocurrency exchanges to begin verifying the identities of owners of cryptocurrency wallets. Especially those who carry out transactions worth more than $ 3,000.
Bitcoin price continues to rise
Since the start of 2021, the bitcoin price has continued to grow exponentially. It appears that the bullish trend in the BTC digital currency, which started around the end of last year, will not stop anytime soon.
The rise of the digital currency also affected the virtual currency industry in general. Cryptocurrency assets such as ETH, Stellar XLM, Ripple XRP, Litecoin LTC, Bitcoin Cash BCH, and the rest of them have also witnessed an increase in their value.
The operation of the BTC digital currency industry has been linked to the current massive institutional credit for the asset.
The price of the cryptocurrency BTC is currently
During trading on Friday, January 8, the price of the digital currency, BTC, reached 41,283 US dollars. Where the digital currency rose by 8.77% over the past 24 hours. Bitcoin has also increased by 41.41% over the past 7 days.