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As BTC Recovers to $42,380, Anonymous Whale Sends 9,800 Bitcoins to Coinbase

According to Whale Alert, a renowned cryptocurrency tracking website that provides statistics on major crypto transactions, an anonymous wallet owner deposited 9,800 Bitcoins to the Coinbase exchange just over 23 hours ago.

At today’s exchange rate, this equates to $428,608,220.

BTC is moved by Whale to be sold at a loss.

This wallet purchased 10,000 Bitcoins on April 1, according to BitInfoCharts. BTC was trading at $44.891 at the time. This whale has sold BTC at a loss when the price soared to a high of $47,476 on April 3 and has lost 10.46 percent since then. There are no coins in the wallet right now.

At the time of writing, the world’s most valuable cryptocurrency is valued at $42,489.

On April 8, according to Whale Alert data, someone transferred 4,001 BTC and 1,660 BTC from Coinbase to unknown wallets.

The price of bitcoin is fluctuating.

After the Fed meeting, where a probable interest rate hike of 50 basis points was mentioned, the flagship cryptocurrency fell 5%, from $45,339 to $43,190, according to U.Today.

Within two days, the Nasdaq Index dropped 4.5 percent, and the decline in Bitcoin’s price put altcoins into the red as well. As they began to fall, Santiment discovered that traders were returning their funds to Bitcoin.

Related Posts – XRP Price Goes Up After Unexpected Reappearance On Coinbase

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.