BITCOIN BREAKS $7000 MARK

Updated: 05/13/2019 11:17
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bitcoin above 7000
Bitcoin entering rising trend, going beyond $7400,price adjusted afterwards, massive BTC transactions occurred, 17,000 BTC moved out
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Bitcoin entering rising trend, going beyond $7400,price adjusted afterwards, massive BTC transactions occurred, 17,000 BTC moved out

On the night of Sunday, May 12, the price of Bitcoin overcame the $7400 mark. The total capitalization of the cryptocurrency market exceeded $215 billion. Yesterday, on May 12, shortly before the bitcoin price adjusted from $7,500 to around $7,000, an unknown large market participant moved 6015 BTC ($45.2 million at the time of sending).

Almost immediately, perhaps the same "whale", made a transaction for 4000 BTC ($30.1 million). The recipient has recently become the focus of attention Bitfinex exchange.

Shortly thereafter, a transaction at 2983 BTC ($21 million) occurred. The funds have moved from the Bitfinex exchange to an unknown wallet. The last major move took place an hour later - the same "whale" transferred 3723 BTC wallet from the Bitfinex. Thus, allegedly the same major player in just two hours moved a total of almost 17,000 BTC.

Many users of social networks expressed confidence that wealthy Bitcoin holders finally decided to take profits. Some have come to the conclusion that the right time has come to purchase "on the bottoms".

At the same time, if the first cryptocurrency itself has grown by more than 11% during the weekend, the sharp growth of other leading Altcoins can be noticed. So, if we talk about the top ten CoinMarketCap, more than 20% - up to $0.076212 has risen in the price of Cardano (ADA). Bitcoin cash is also showing impressive growth - its price has risen to $343.70. Ethereum (+ 14%) came close to $200, Litecoin (LTC) rose to $91.7 (+ 18.5%). EOS (+ 15%), Binance Coin (+ 10%) and XRP (+ 8.77%) also showed significant growth.

CoinMarketCp price stats on May 13


About the author

Nicole Berger has over seven years experience writing and editing for online and print media. She has held various editor and associate editor positions in some of forefront independent media publications. A consistently dependable team player, I thrive in a high-pressure environment, enjoy the challenges of meeting deadlines and managing a team, and am comfortable researching, writing and editing on a wide range of topics.
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