Whale buys 2,000 Bitcoin in 4 days, now holds $490m in BTC
A significant Bitcoin transaction was recorded on Sept. 2 when an investor purchased 1,000 BTC for $57.3 million. This whale purchase marks the second time in four days that 1,000 Bitcoin Bitcoin BTC 3.19% Bitcoin were acquired on Binance, bringing the total accumulation to 2,000 BTC. The investor currently holds 8,559 BTC, valued at $490 million. The increase in Bitcoin holdings coincides with Bitcoin’s price dropping by nearly 8% over the past week as the markets enter September. Bitcoin briefly touched $61,000 on August 29 before slumping and almost touching $57,000 on Sept. 1. Historically, Bitcoin has experienced losses in six out of the last seven September months, with average losses of around 4.5% during those years. Loading... Will the Fed cut lower the interest rates? Even with the current downward trend, a possible rate cut by the Federal Reserve could spark a Bitcoin surge, as noted by QCP. Factors like increasing Bitcoin dominance, lower balances on cry...