The record volume of bitcoin transactions in the history of cryptocurrency

On December 4, the Bitcoin blockchain recorded the largest volume of transactions carried out duringone hour, in the entire history of existencecryptocurrencies. The value was $8.9 billion. Rafael Schulze-Kraft, technical director and co-founder of the analytical service Glassnode, draws attention to this.

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Although data from such a plan are oftenone of the main tools in the hands of analysts in the formation of theories about further market movements, the reason for the new record can be quite trivial. On Thursday, the Whale Alert monitoring service recorded multiple BTC transactions for $ 300-400 million, some of which featured the name of the Bittrex exchange.

“We turned off notifications for this type of transfer to avoid clogging the tape. Amounts are gradually reduced and now range from 10 to 100 BTC ”- wrote Whale Alert.

Subsequently, Bittrex itself dispelled the concerns of users and confirmed that nothing threatened their assets.

“We have confirmed that these are ordinary transactions. Any allegations of hacking or security breach are untrue ”, the company said.

In addition to major movements in the blockchain, the pastWednesday was marked by several volatile movements in the cryptocurrency rate. On the Binance exchange, fluctuations at the extreme points reached $7,067 and $7,750.

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At the time of publication, the price of bitcoin is about $ 7430, thus rising by 2% in the last 24 hours.

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