At 11:10 GMT on Saturday, BItcoin traded at $59,785, a loss of 0.2% in the last 24 hours. As the price of the king cryptocurrency corrects, the coin continues to trade extremely close to $60k. In the past few days, Bitcoin has been able to fully recover from a fall to $52,000 toward the end of March.
As this goes on, data from Santiment indicates that recent transactions from Bitcoin whales (wallets with over $1 million) are seeing increased activity. Around this time a year ago, whale transactions saw around 229 transactions per day. This figure has massively increased. At the time of writing, BTC was witnessing around 1,930 whale transactions, a whopping 734% increase.
Just yesterday, an under-the-radar wallet moved hundreds of millions of dollars worth of BTC. AccordingRead More »