Whale Alert Traces 3,500 BTC Transferred To Unknown Wallet

11,835 Bitcoin (BTC) Worth 348,155,467 USD Transferred to Unknown Wallet
  • In the past 24 hours, BTC is down almost 0.10%.
  • The transaction happened on Sat, 22 Jan 2022 13:30:46 UTC.

The bloodbath continued as Bitcoin fell below $35,000 on CoinMarketCap, before starting a steady recovery on Sunday. Whale Alert discovered a remarkable transfer of 3,500 BTC, valued at 121,791,190 USD to an unknown wallet. It was confirmed this payment was made from an exchange known for its support of more than 150 digital currencies, Bitfinex, according to the transaction data provided.

Read More: Bitcoin Price Prediction

EL Salvador Buys the Dip

With the purchase of 410 Bitcoins worth almost $15 million, El Salvador has increased its already substantial cryptocurrency holdings. Estimates indicate the amount of bitcoin the government possesses is at about 1,801 BTC, which is not an official government number. The government added 200 BTC to its reserves prior to declaring bitcoin legal money in 2021, bringing the total to 400 BTC. The legal tender includes the US dollar.

A Chivo wallet containing $30 worth of BTC was sent on January 19, 2022, to 4 million citizens, all of whom Bukele claimed were active users.

Crypto whales are moving hundreds of millions of dollars of BTC. Initially, the Whale Alert monitoring and analysis tool discovered the massive cryptocurrency movement. The transaction occurred on Saturday, January 22nd, 2022 at 23:15:58 UTC, according to data from Whale Alert. According to CoinMarketCap, the Bitcoin price today is $35,712.33 USD with a 24-hour trading volume of $36,403,871,353 USD. Bitcoin is down 0.10% in the last 24 hours. 

Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.