This coincided with the price of the world’s largest crypto plummeting by almost 5.5%,
While many have been withdrawing BTC from exchanges, a major dormant wallet that was reactivated on Tuesday, transferred 8,000 Bitcoins to the largest crypto exchange – Binance. That amount of BTC was evaluated at more than $535 million at the time of the transfer.
Prior to that transaction, the whale remained inactive for approximately five and a half years.
Today’s growth was 3.29% overall as the inflation data for May (CPI) was released. The consumer price index proved to be lower than expected by analysts – 3.3% versus 3.4%. This pushed Bitcoin up, helping it recover an important psychological price mark.
By now, however, BTC has seen a minor pullback and is changing hands in the $69,700 zone.
This article was originally published on U.Today
