A Rich Bitcoin Whale Moved $1.1 Billion in BTC. Here Is Where the Crypto Is Going
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On 13th April 2020, it was reported that Bitcoin (BTC) hashrate hit its third-highest daily computing power since 2009, when the cryptocurrency came to existence.

Also, the number of Bitcoin wallets has reportedly experienced a significant increase over the past 24 hours, as Bitcoin halving counts down.

The new milestone attained by the digital currency was reported by the CCO of Beatzcoin, Misha Lederman, via his Twitter handle.

He wrote, “Bitcoin hashrate hit its 3rd highest daily computing power dedicated by BTC miners on April 13 since 2009 inception.”

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He further stated that Bitcoin network continues to thrive amidst the new coronavirus pandemic and lockdown across the world, at the time the global fiat economy is experiencing a downward trend.

“The fiat world economy may be in a downward spiral amid COVID19 crisis, but the BTC network is instead becoming more resilient, robust & increasingly secure,” Misha Lederman concluded.

Moreover, Glassnode Alert, the on-chain alerts account, reported a few hours ago that Bitcoin number of new addresses has had a notable increase in the last 24 hours.

The report stated that the total number of new wallets now stands at 16,124.79, which implies a 10.2% increase against the previous record.

“Bitcoin (BTC) Number of New Addresses (3d MA) increased significantly in the last 24 hours. Current value is 16,124.792 (up 10.2% from 14,630.375),” Glassnode shared.

The notable increase in the number of addresses shows the preparation for the upcoming Bitcoin halving, as no one wishes to be caught unaware by the anticipating event.

The Bitcoin (BTC) Price Situation in the Market

Bitcoin (BTC), the largest cryptocurrency by market capitalization, is still changing hands below $7,000. The price of the digital currency had surged beyond the resistance level more than twice in the past few weeks, but has failed to hold the support at each attempt.

At the time of writing, BTC is trading at $6,713.83, with about a 3% price downtrend based on 24 hours estimation.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.