Bitcoin and Ethereum Whale have traded millions of dollars of cryptocurrencies in the last two days

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The Bitcoin Whale (the person who holds large amounts of cryptocurrency and has the power to drive its prices) has been seen trading several million dollars in the past few hours. On August 11, Bitcoin, the world’s largest and oldest cryptocurrency, opened with a gain of 0.27 per cent at around Rs 34.46 lakh. As also shared by the Whale Alert tracker, there has been a significant increase in huge bitcoin transactions over the past day or two. The “most advanced blockchain tracker”, as Whale Alert calls itself, has shared numerous transactions worth millions of US dollars on Twitter.

on August 11, Whale Alert tweeted: “Transferred 1,589 #BTC (72,227,792 USD) from Coinbase to Binance.”

In another tweet, the blockchain tracker said: “750 #BTC (34,374,428 USD) transferred from unknown wallet to CryptoCom.
Around the same time, another large transaction worth 4,000 Ether (ETH) ($12,765,115/approx Rs 95 crore) transferred from OKEx to an unknown wallet was reported by Whale Alert.
At 5:43 am today, Whale Alert posted a tweet that reported a “large transfer of 38,918 #ETH (Ether) (121,966,542 USD) from one unknown wallet to another.”
Another BTC (Bitcoin) 2,000 ($90,717,779/approximately Rs 675 crore) was transferred from Xapo to Binance, Whale Alert tracker reported at 4:17 am on August 11.
Here are some more tweets in which massive cryptocurrency transfers were made-
After the slow months of June and July, both Bitcoin and Ethereum have shown some signs of recovery in August. The August 11 price of bitcoin is the highest ever since May 17 after the market crash at around Rs 34.46 lakh. It should also not be forgotten that on July 20, Bitcoin hit its lowest level in the past two months, when it was priced at $29,793 (approximately Rs.22.34 lakh). Click here to learn more about how some of these cryptocurrencies have performed over the past few months.

Ethereum, on the other hand, opened at around Rs 2.41 lakh, up 2.55 per cent from its previous price. Click here to track live Ethereum prices.

Interestingly, Ethereum’s August 11 prices are the highest since May 18, when it was priced at $3,377 (around Rs 2.53 lakh). Even though Ethereum has yet to break the May 18 record, the cryptocurrency has recovered significantly after falling to $1,786 (around Rs 1.33 lakh) on July 20.





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