PK Press Club – Prominent cryptocurrency tracker Whale Alert, which tracks large crypto transactions and shares details on its website and X Account, has revealed half a dozen large transactions, which have generated cumulative value of 800 million dollars.
Among these transfers, several moved a large amount of BTC to new wallets, while Bitcoin showed an increase of 2.43%.
A huge piece of Bitcoin on the move
Whale Alert reported that 7,667 Bitcoins, valued at nearly $800 million in fiat currency, were moved between anonymous blockchain addresses. This amount of crypto was transferred in six large BTC transactions, each carrying between 1,000 and 2,000 BTC.
Three pieces of Bitcoin – 1,000 BTC; 1,029 BTC and 1,531 BTC were moved to three new wallets. This means that either three new crypto whales acquired BTC via OTC purchases, or existing whales reshuffled their holdings by moving some of their Bitcoin to new addresses.
These massive BTC transfers were spotted as the world’s largest cryptocurrency, Bitcoin, saw an increase of more than 2% today, regaining the $105,700 level after a fall.
Bitcoin Market Performance
The world’s flagship cryptocurrency rose 5.21% on Thursday, briefly surpassing the $106,800 level following news that US President Donald Trump had signed an executive order ensuring the creation of a plan strategic Bitcoin for the country.
A pro-crypto senator, Cynthia Lummis, who suggested creating a strategic BTC reserve for the United States last year, tweeted: “Big things are coming. » The plan she suggested assumed that the US government would purchase 200,000 BTC per year over the next five years to purchase one million BTC in total for the strategic Bitcoin reserve. As the price of BTC soared, famous Bitcoiner Michael Saylor, executive chairman of MicroStrategy, tweeted: “We are going to Mars,” clearly referring to Trump and his ally Elon Musk, who are working to send spaceships on Mars to create a permanent and autonomous link. sustainable human base on the red planet. Both people are largely pro-crypto.
However, this price increase was followed by a drop to $103,000. As of this writing, BTC is changing hands at $105,150.
Four days ago, Bitcoin hit a new all-time high, hitting the $109,114 price level on Trump’s inauguration day.
