10,000 BTC moved to new anonymous wallet as Bitcoin recovers 4.13%

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Youri Molchan

New Big Bitcoin Whale Emerges as BTC Price Rises After Recent Dips

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New BTC Whale Emerges, Holding $261M in CryptoBitcoin Price Rebounds After Sharp Drop

Leading cryptocurrency tracker Whale Alert reported that around 18 hours ago, a massive Bitcoin block of 10,000 BTC was shoveled into a brand new wallet with no registered owner.

Meanwhile, over the past 24 hours, market flagship digital currency Bitcoin has managed to recoup over 4% of its recent losses and is now back above $26,500.

A new BTC whale emerges, holding $261 million in crypto

According to Whale Alert, just under 18 hours ago, a total of 10,000 BTC worth $261,322,181 were transferred from one anonymous wallet to another. The tracker pointed out that the receiving wallet is new, that is, it was set up quite recently.

This could indicate either a buy or a whale setting aside some of its BTC stash to redistribute crypto holdings.

A slightly lower amount of BTC in motion was spotted hours later by the same tracker as 3,912 BTC (equivalent to $101,005,888) was traded from one anonymous address to another.

Bitcoin price rebounds after a sharp decline

Late last week, the crypto market was rocked by the SEC’s announcement of legal action against two crypto giants, Coinbase and Binance, accusing them of violating US securities laws. .

Bitcoin reacted immediately, dropping 4.45% to $25,502. Later in the week, on June 14, BTC plunged another 4% after the CPI report (although it released better numbers than analysts had expected). Now, the leading crypto is up 4.13% overnight in light of news that the world’s largest wealth manager BlackRock has filed to launch a Bitcoin ETF with Coinbase acting as custodian.

The whole cryptocurrency market has also started to revive, like Bitcoin.

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