Almost Billion US Dollars in BTC Moved from Exchanges As Price Plunged 5.4%

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According to a recent report by crypto analyst and trader Ali Martinez, earlier this week, a mind-blowing amount of Bitcoin was withdrawn from cryptocurrency exchanges to cold wallets.Whales withdraw billion of USD in BTC Martinez shared published a chart provided by the CryptoQuant on-chain data aggregator, which shows that over the past 48 hours, cryptocurrency whales moved more than 14,140 BTC from crypto trading venues. That constitutes almost one billion US dollars in the fiat equivalent.to the largest crypto exchange – Binance. That amount of BTC was evaluated at more than $535 million at the time of the transfer.by 5.77%, printing a major surge to the $70,000 level.

Today’s growth was 3.29% overall as the inflation data for May was released. The consumer price index proved to be lower than expected by analysts – 3.3% versus 3.4%. This pushed Bitcoin up, helping it recover an important psychological price mark.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.

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