The richest cryptocurrency accounts perked up this week. Recently, 66,452 BTC, worth approximately $245 million, was transferred from an inactive wallet to an unknown address. A few hours later, several more large addresses moved $728 million in BTC.
Most altcoins are trading below support levels.
Initially, in the first weeks of November, the price of Bitcoin Cash (BCH) rose. Investors have begun to accumulate the asset ahead of the upcoming fork and network split, during which holders of the main asset will also receive a new cryptocurrency, BSV. Why did the price drop by 81%?
The Swiss arm of the Russian bank is working with fintech company Avaloq and Swiss startup Metaco to launch a cryptocurrency service in the middle of next year.
Yesterday's decline updated the annual minimum. After a short correction, the decline will continue, but not as dynamically.
Last week, someone from a single address moved more than 35 million Litecoin tokens in 24 hours, representing 60 percent of the coin's total market capitalization. However, trading on crypto platforms has nothing to do with this transaction. It is possible that this is an over-the-counter transaction.
According to a press release from Cointelegraph, major Singaporean cryptocurrency platform Huobi has received a so-called distributed ledger technology (DLT) license in Gibraltar.
The current bearish market trend, which has been going on since early November, does not seem to have affected the largest Ethereum whales at all. According to a Diar report dated December 3, 2018, this year was the most profitable for whales actively involved in the trade. According to Diar, by the end of the year, whale crypto assets grew by 80%.
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