) holding address — also dubbed “37X” — has moved over $6 billion worth of BTC to three new addresses for the first time since 2019.
“$5.03B BTC was sent to bc1q8yj, with addresses bc1q6m5 and bc1q592 receiving $561.46M and $488.40M in BTC respectively. bc1q592 has since sent those funds onwards.”Despite Bitcoin price reaching an all-time high before the halving, for the first time in history, the incoming supply issuance reduction is stillBitcoin reclaimed the $70,000
Bitcoin’s current rally is mainly driven by the anticipation of the halving and the increased institutional inflows from the ten spot Bitcoin exchange-traded funds in the United States, Christopher Cheung, partner at digital asset funds Ten Squared, told Cointelegraph in a research note:
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