BTC Price Crosses $8k After Losing $200 Following A Whale Dump Of $50M

[Divinityxd]

Yesterday, bitcoin lost more than $200 of its value and dropped down to $7,870 after a whale unloaded $50 million worth of BTC in a single Bitfinex trade. This came just a day after the third largest wallet let go of about $50 million bitcoin. However, BTC price is back to being over $8k.

Over $100 million BTC unloaded in 24 hours

A few days back, Bitcoin enthusiasts got a reason to be happy about as its prices crossed the $8,000 mark. However, this crossover was short-lived as yesterday, as bitcoin got dumped down to $7,870. Over the course of 20 minutes, the price of several cryptocurrencies took a hit.

Continue reading: https://coingape.com/btc-price-crosses-8k-after-losing-200/

[Xester]

Yesterday, bitcoin lost more than $200 of its value and dropped down to $7,870 after a whale unloaded $50 million worth of BTC in a single Bitfinex trade. This came just a day after the third largest wallet let go of about $50 million bitcoin. However, BTC price is back to being over $8k.

Over $100 million BTC unloaded in 24 hours

A few days back, Bitcoin enthusiasts got a reason to be happy about as its prices crossed the $8,000 mark. However, this crossover was short-lived as yesterday, as bitcoin got dumped down to $7,870. Over the course of 20 minutes, the price of several cryptocurrencies took a hit.

Continue reading: https://coingape.com/btc-price-crosses-8k-after-losing-200/

I dont know if this is probable or not. I am analysing the possibilities that such big whales have disposed of their bitcoins with and aim to create a domino effect which in turn will cause panic selling. But it did not happen and that the efforts to crash bitcoins value was unsuccessful. With these we can say that bitcoin is strong at 8k dollars that even if it was hammered with a 50 million dollar worth of bitcoins it still goes back up.

[Divinityxd]

Yesterday, bitcoin lost more than $200 of its value and dropped down to $7,870 after a whale unloaded $50 million worth of BTC in a single Bitfinex trade. This came just a day after the third largest wallet let go of about $50 million bitcoin. However, BTC price is back to being over $8k.

Over $100 million BTC unloaded in 24 hours

A few days back, Bitcoin enthusiasts got a reason to be happy about as its prices crossed the $8,000 mark. However, this crossover was short-lived as yesterday, as bitcoin got dumped down to $7,870. Over the course of 20 minutes, the price of several cryptocurrencies took a hit.

Continue reading: https://coingape.com/btc-price-crosses-8k-after-losing-200/

I dont know if this is probable or not. I am analysing the possibilities that such big whales have disposed of their bitcoins with and aim to create a domino effect which in turn will cause panic selling. But it did not happen and that the efforts to crash bitcoins value was unsuccessful. With these we can say that bitcoin is strong at 8k dollars that even if it was hammered with a 50 million dollar worth of bitcoins it still goes back up.

yup bitcoin will rise now, but big fluctuations with in the minutes are the result of such whales, which creates panic in the market.

[19nataliya12]

Bitcoin's exchange rate dropped by $ 200 after two holders of the first cryptolayut decided to sell Bitcoins for a total of $ 100 million, but after that the exchange rate rebounded, and now it keeps at around $ 8120.

On the eve it became known that the balance of the anonymous purse 3D2oetdNuZUqQHPJmcMDDYYQkyNVsFk9r was reduced by 6500 Bitcoins. In total, the first crypto-currency for $ 1.5 billion was kept on the purse. The balance of another purse from $ 864 million in the crypto-currency decreased by 6600 BTC. Thus, in just 24 hours, both holders got rid of the Bitcoins for a total of $ 100 million.

Reddit users immediately reacted to the incident, noticing that they did not expect dumps. However, there are no clear reasons for this behavior. It is possible that the sale occurred after the Attorney General of the State of New York asked the major crypto-exchange exchanges to tell more about their activities, but this became known only a few hours before the discharge.

Previously, such jumps in the first crypto currency were associated with the actions of the trustee Mt. Gox Nobuaki Kobayashi, who, as the crypto community claims, was selling the company's crypto-currency assets in Bitcoins and Bitcoin Cash, but he himself, however, denies these actions.

[peter0425]

Yesterday, bitcoin lost more than $200 of its value and dropped down to $7,870 after a whale unloaded $50 million worth of BTC in a single Bitfinex trade. This came just a day after the third largest wallet let go of about $50 million bitcoin. However, BTC price is back to being over $8k.

Over $100 million BTC unloaded in 24 hours

A few days back, Bitcoin enthusiasts got a reason to be happy about as its prices crossed the $8,000 mark. However, this crossover was short-lived as yesterday, as bitcoin got dumped down to $7,870. Over the course of 20 minutes, the price of several cryptocurrencies took a hit.

Continue reading: https://coingape.com/btc-price-crosses-8k-after-losing-200/

Oh OK. So this is the reason why bitcoin suddenly slumps to $7800 after enjoying a price of above $8+++. I thought that we are going to touch and break the next psychological barrier which is $8500. I just really don't understand that when we are  making a break out, we suddenly experienced this huge dump. I guess daily traders are the norm during this kind of price movement.

Right now though we are stuck at $8000 and I hope that there are no more dumps coming so that we can at least enjoy seeing the market getting into the green zone of above $8K-$9K. But as far as address 3D2oetdNuZUqQHPJmcMDDYYQkyNVsFk9r, it still holds a lot of funds, 185,884.30591252 BTC still at his disposal.

[superstarbtc]

bitcoin dump is quite common in day to day trading but bitcoin is finding support at 9000 dollars once it cross 9000 dollars we can expect next jump is double the present price