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2019-10-16 15:49:06
Jacob Fisher

Editor

2019-10-16 15:49:06

Bitcoin (BTC): determined who was behind the giant $ 900 million transaction

Bitcoin fell 2.4% on Tuesday, dropping below the 20-day daily moving average (20-DMA), which is now at $ 8220.

Bitcoin fell 2.4% on Tuesday, dropping below the 20-day daily moving average (20-DMA), which is now at $ 8220.

Bitcoin fell 2.4% on Tuesday, dropping below the 20-day daily moving average (20-DMA), which is now at $ 8220.

 

Analysts predict the continued fall of the first cryptocurrency. So, according to NewsBTC analyst Tony Spilotro, the main digital asset may noticeably sag in price in the near future.

 

Meanwhile, the alleged initiator of a gigantic bitcoin transaction worth more than $ 900 million was found, which was recorded on the bitcoin network at the beginning of the week. The amount of commission paid was less than $ 4.

 

Although the initially pseudonymous nature of a bitcoin transaction does not allow its participants to be established, the BitInfoCharts service has associated one of the addresses with the European Bitstamp cryptocurrency exchange, ttrcoin writes.

 

Earlier, Bitstamp entered into a partnership with the custodial services provider BitGo and, supposedly, transferred the funds of its customers to its cold storage BitGo Custody.

 

“112,027 BTC ($ 933 million) was transferred in one transaction for the price of a cup of coffee (the commission was $ 3.89),” wrote Neitz Kodrich, CEO of Bitstamp, on Twitter. Prior to this, Bitstamp made a transfer to the address of Xapo 107 800 BTC, paying a commission of only 0.0234 BTC.

 

From other news. The Chicago Mercantile Exchange (CME) announced an increase in the popularity of its bitcoin futures: in the third quarter, the number of open contracts (Open Interest) increased by 61% compared to the same period last year.

 

Grayscale Investments recorded record inflows of institutional investor funds in the third quarter, its managing director Michael Sonnenshine said in a conversation with The Block, commenting on data from the new quarterly report.

 

According to the Blockchain.com portal, the total volume of Bitcoin emissions on Monday reached 17.992 million. As Rhythm analyst on Twitter noted, the 18 millionth bitcoin coin should be mined by the end of this week.

 

“It will take about 120 years before the remaining 3 million bitcoins, or 14.3% of the maximum emission, are mined. The competition of miners for awards in the Bitcoin network has never been so high, the hashrate is at a historic maximum, ”he added.

 

“The slurred dynamics of bitcoin over the past few days has caused unpleasant deja vu for market participants. Usually this ends with a correction. A steady drop below $ 8000 will be an extremely unpleasant event for the market, as it potentially opens the way to new local lows towards the lower border of $ 7000, ”the FxPro analyst team notes.