The record volume of bitcoin transactions in the history of cryptocurrency

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

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 turned out to be marked by several volatile movements of the cryptocurrency rate. On the Binance exchange, fluctuations at extreme points reached $ 7067 and $ 7750.

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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