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26 February 2024
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Bitcoin Price Watch: Currency Sinks as New Year’s Hope Starts to Fizzle

2019 has rolled on in with price action seemingly more volatile over the past week. Bitcoin saw a resurgence over $4,000 before plummeting back down to mid $3,500 once again. Altcoins saw green for most of last week before yesterday’s unexpected declinecaused the market cap to drop tremendously. Let’s have a look at the top five whale movements of this week.

This week saw tons of whale movements across the board. Most notable, was the large amounts of stable coins movements taking place. USDC was the clear leader in terms of whale movements, while PAX and Tether also saw plenty of action. None of the stable coin movements made it into the top five.

The top five saw movement 2 transactions leaving exchanges, with one going to a private wallet and the other going to another exchange. The other 3 transactions saw prviate wallets move funds to exchanges or company wallets. Three different coins made it onto the list, these include BTC, ETH, and XLM.

Bittrex exchange appears to have been involved with 3 of the top 5 transactions, including the #1 whale movement which appeared to be 10x bigger than second place. 5. 5,000 BTC (18,993,086 USD) moved from unknown wallet to Coinbase – 4 Jan

4. 5,000 BTC (20,162,829 USD) transferred from Coinbase to Bittrex – 7 Jan

3. 203,017,770 XLM (25,128,400 USD) transferred from Unknown wallet to Stellar Development Fund (SDF) – 9 Jan

2. 350,000 ETH (44,943,752 USD) transferred from Unknown wallet to Bittrex – 10 Jan

Source. chepicap

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