Bitcoin [BTC], the world’s largest cryptocurrency, has had a rollercoaster ride in 2019. Despite positive developments however, the cryptocurrency has suffered its share of downsides as well, largely due to hacks and nefarious activities. The recent Binance hack that resulted in the loss of over 7000 BTCs was yet another blow to an industry, edging towards mainstream adoption.

In the middle of these scandals, WhaleAlert reported a significant portion of Bitcoin being moved in the market. The cryptocurrency data aggregation website revealed that on May 9, 2990 BTCs were moved from a Bittrex wallet to an unknown wallet.

The transaction had a time stamp of 5:38:33 and a hash of 700dca3ee579d15d86f2955d2f6cf8edcef8dae93844c16712698a4d0d66c5ea. The unknown wallet’s address was 36DQqc3ct7NqjN9oP8gPNmHdBpih3Qt45Y, while the transaction was completed in 38 drops.

The sizable transfer came in the wake of Bitcoin breaching the $6000 mark on a lot of major exchanges, while at the same time, its market cap crossed the $100 billion mark after almost 5 months.

Many proponents of the field have speculated that Bitcoin’s bear market is almost over and that there might be a bull run around the corner. One of the luminaries who shared this prediction was Tuur Demeester, Adamant Capital’s CEO, who had said,

“I am not ready to say yes, that we are in a new bull market but I do definitely think that we are in the last phase of the current bear market.”

The post Bitcoin Whale Alert: BTCs worth over $18 million moved as king coin breaches $6000 mark appeared first on AMBCrypto.

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