Forex and Crypto News

A recent $120 million transaction could trigger Bitcoin crash

12:48 27 May /2019

On May 26th, another major transaction was committed by the so-called “crypto whale”.

As the Whale Alert service specifies, 15,000 Bitcoins (about $ 120 million) were transferred between unknown crypto wallets. This transaction coincided with the strengthening of the BTC rate on most trading platforms, the coin came close to $9000 on Monday night.

Some Twitter users have expressed the opinion that this transaction was one of the factors contributing to the largest cryptocurrency jump.

However, there was such an expert opinion that the market, on the contrary, needs to prepare for the fall of BTC, since the initiator of a large transfer, most likely, plans to sell its coins in the near future.

In the cryptocurrency market, the volatility almost always becomes active after the start of the movement of the so-called “whales”, keeping under control large digital assets.

A similar situation occurred in mid-May when the whales sent a total of 13,000 BTC in just two hours. Thanks to several major transactions, Bitcoin jumped to $7,500, observers say.

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ICO projects sold 400,000 ETH during November

During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.

According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov

12:01 17 December /2018