Movement of about 60.000 BTC pulls the price of Bitcoin again, breaking the support of $ 5.000
The value of Bitcoin plummets again, in this case due to massive movements of approximately 60.000 BTC whose origin is not yet known.
The price of Bitcoin plummets again in a week in which it has lost more than $ 1.700 in value, breaking the support that was approximately at $ 5.044, falling below $ 4.900. This could mean that the price goes to $ 3.000 quietly or it can go to $ 8.000 at a time of great controversy and where strange movements are taking place.
New fall in the price of Bitcoin caused by strange movements of large accounts.
Initially it was believed that 80.000 BTC were moved last Wednesday and the person responsible was Bitmain, but during this weekend it has been known that Binance has been in a movement from an old cold wallet to a new cold wallet, claiming that the movement has been For security. This unprecedented movement of more than 109.000 BTC (traceable figure) had a fee of 10 BTC and caused instability in the market.
Now there are unidentified accounts that have begun to move amounts of between several hundred and several thousand bitcoins, adding a movement of about 60.000 BTC that is known until the publication of this entry and is that it is still being investigated from some sites where it comes from this new fall in value of Bitcoin.
Many seem to be taking advantage of the moment of instability within Bitcoin Cash with the switch to BCH ABC and BCH SV to make strong moves that bring the market down and make millions when the market stabilizes and grows in value again. In addition, all the movements of Bcash are stopped around the world because in addition to this fork the creator of Openbazaar, Chris Pacia would be developing another division of the BCH chain to create BCHD.
All of this appears to be annoying Bitcoin software development groups, who see this as an attack to destabilize the currency. In addition, these groups are beginning to organize some actions to revitalize the project and it is speculated that there could be important developments in the coming weeks or months.
The Bitcoin Cash Library; Bchd
Shortly after the fork of Bitcoin Cash (BCH), Openbazaar developer Chris Pacia announced the launch of Bchd, a full node implementation of the BCH chain written in Golang.
By @jamieCrypto on https://t.co/T6qM4EjeCZ pic.twitter.com/Fxdw9kjm1B- AgoraChain (@AgoraChain) November 19th 2018
