Vote for Cryptopolitan on Binance Square Creator Awards 2024. Click here to support our content!

Bitcoin whale moves $156M as price breaches $11k level

In this post:

A Bitcoin whale moved more than 15,000 BTC from one of the richest wallet addresses on the blockchain.

Last night a Bitcoin address moved 15,022 BTC to three separate wallets. The sum worth $156,599,226 at the time only cost a transaction fee of 91 cents.

Bitcoin whale on the move

Out of the 15,022 BTC, 14,442 BTC ($160,246,410.12) was sent to a single wallet address. The address is not known to be connected with any exchange, or custody provider. However, the address might still belong to one such entity.

Prior to the transaction, the Bitcoin whale was the 45th richest Bitcoin address in existence, as per BitInfoCharts data.

Bitfinex hack moves BTC.

As Cryptopolitan previously reported, attackers behind the 2016 Bitfinex hack moved 2,550 Bitcoin to an unknown wallet. The sum worth over $27 million at the time marks another major move by the Bitfinex hack this year.

Read Also  Bitcoin's hash rate hits new all-time high, putting pressure on miners amid profitability slump

Previously, the hackers moved around $5M worth of BTC in June and around $256K in May 2020. The attackers stole 120,000 BTC in the Bitfinex breach, a sum that was worth $72 million at the time. However, it is currently worth more than $1,3 billion. It is unclear how much BTC the attackers have remaining.

BTC price surpasses $11,000

The bitcoin price, that was stagnated in the $9000 region has started a bullish rally raising its price from $9,700 to above $11,100 in a matter of days. Other cryptocurrencies such as Ethereum have also enjoyed bullish rallies during these days, which caused their prices to see significant increases.

Ethereum price rose above the $300 mark, while XRP and Bitcoin Cash crossed $0.02 and $200 price levels.

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Editor's choice

Loading Editor's Choice articles...

Stay on top of crypto news, get daily updates in your inbox

Most read

Loading Most Read articles...
Subscribe to CryptoPolitan