• Latest
  • Trending
Over 9M in Top Crypto Traded on Binance

Over 9M in Top Crypto Traded on Binance

December 10, 2021
Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022
Fibre optic interconnection linking Cameroon and Congo now operational

Fibre optic interconnection linking Cameroon and Congo now operational

July 15, 2022
Ericsson and MTN Rwandacell Discuss their Long-Term Partnership

Ericsson and MTN Rwandacell Discuss their Long-Term Partnership

July 15, 2022
Airtel Africa Purchases $42M Worth of Additional Spectrum

Airtel Africa Purchases $42M Worth of Additional Spectrum

July 15, 2022
Huawei steps up drive for Kenyan talent

Huawei steps up drive for Kenyan talent

July 15, 2022
TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

July 15, 2022
Facebook to allow up to five profiles tied to one account

Facebook to allow up to five profiles tied to one account

July 15, 2022
Top 10 apps built and managed in Ghana

Top 10 apps built and managed in Ghana

July 15, 2022
MTN Group to Host the 2nd Edition of the MoMo API Hackathon

MTN Group to Host the 2nd Edition of the MoMo API Hackathon

July 15, 2022
KIOXIA Introduce JEDEC XFM Removable Storage with PCIe/NVMe Spec

KIOXIA Introduce JEDEC XFM Removable Storage with PCIe/NVMe Spec

July 15, 2022
  • Consumer Watch
  • Kids Page
  • Directory
  • Events
  • Reviews
Monday, 30 January, 2023
  • Login
itechnewsonline.com
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion
Subscription
Advertise
No Result
View All Result
itechnewsonline.com
No Result
View All Result

Over 9M in Top Crypto Traded on Binance

by ITECHNEWS
December 10, 2021
in Business
0 0
0
Over 9M in Top Crypto Traded on Binance

Bitcoin along with the majority of the markets has once again dipped in price falling from a little over $50K down to around $47K before trading sideways at $48K. With that, massive whale movement was once again spotted on Binance.

Massive Whale Movement on Bitcoin

Whales usually have the power to move smaller cryptocurrencies but when it comes to Bitcoin, it takes a lot of buying power to actually move the currency significantly. Of course, the move in BTC can be attributed to not just one whale but rather multiple whales in play.

YOU MAY ALSO LIKE

Inaugural AfCFTA Conference on Women and Youth in Trade

Instagram fined €405m over children’s data privacy

Just recently, CoinTrendz.com on Twitter has spotted five significant whale trades in the last 24 hours for the BTC/USDT pair with a total of $5 million (during the time of the tweet). Although this is just extremely small compared to BTC’s market cap of over $900 billion USD, this significant trade might have had an impact on the price of Bitcoin.

BTC Price Performance Bullish and Bearish

The cryptocurrency was up by around $50.5K to $51K before dropping down to a little over $47K. To expand, however, the price of BTC has been able to recover and is now trading at around $48.5K.

That number, however, has since been added on as seen on a message on Telegram by CoinTrendz.com.

Here are the Top Whale Trades on Binance in the Last 24 Hours

  • 1.46 million USD worth of BTC was traded 12 hours ago
  • 999.99 thousand USD worth of BTC was traded 11 hours ago
  • 1.01 million USD worth of BTC was traded 16 hours ago
  • 885.65 thousand USD worth of BTC was traded 8 hours ago
  • 841.12 thousand USD worth of BTC was traded 12 hours ago
  • 816.64 thousand USD worth of BTC was traded 16 hours ago
  • 813.76 thousand USD worth of BTC was traded 21 hours ago
  • 756.67 thousand USD worth of BTC was traded 8 hours ago
  • 748.87 thousand USD worth of BTC was traded 11 hours ago
  • 740.28 thousand USD worth of BTC was traded 14 hours ago

$9 Million Total of BTC in Whale Transactions

Although the amount of transactions initially tweeted out was at $5 million, the significant whale movements in Bitcoin over the last 24 hours have resulted in over $9 million total. To add, these transactions result in almost 0.001% of Bitcoin’s total market cap.

What $9 Million Could do for Smaller Market Caps

This might not seem like a huge number, however, the significant 0.001% wasn’t the only transactions with Bitcoin that happened in the last 24 hours. To explain, this amount would have a significant impact on cryptocurrencies aside from BTC with a smaller market cap.

With smaller cryptocurrencies like the Binance coin or BNB, $9 million would total almost 10% of the cryptocurrency’s market cap meaning a movement that big could trigger either almost a 10% price drop or price spike.

By Urian B., Tech Times

ShareTweetShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.

Search

No Result
View All Result

Recent News

Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022

About What We Do

itechnewsonline.com

We bring you the best Premium Tech News.

Recent News With Image

Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022

Recent News

  • Inaugural AfCFTA Conference on Women and Youth in Trade September 6, 2022
  • Instagram fined €405m over children’s data privacy September 6, 2022
  • 5.7bn data entries found exposed on Chinese VPN August 18, 2022
  • Fibre optic interconnection linking Cameroon and Congo now operational July 15, 2022
  • Home
  • InfoSec
  • Opinion
  • Africa Tech
  • Data Storage

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

No Result
View All Result
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version