The risk-on mood has proved salubrious for the financial markets, and cryptocurrencies are no exception, especially Ethereum (CRYPTO: ETH), which has been a standout.
Bitcoin (CRYPTO: BTC) bulls regain optimism as the world’s largest Investment manager BlackRock announced yesterday that they are launched a private trust offering US-based institutional clients exposure to spot Bitcoin.
Bitcoin (CRYPTO: BTC) was trading mostly flat during Friday’s trading session. The crypto has been unusually quiet over the month of August, trading mostly sideways between about $22,700 and $24,300.
Ethereum has been on a tear over the last week, gaining more than 20% in the last seven days and hitting the $1,900 level for the first time in two months. Here’s a look at what happened and how much a small investment in the second largest cryptocurrency could be worth if all-time highs are hit once again.
Hut 8 Mining Corp. (NASDAQ: HUT) shares are trading higher by 17.6% to $3.48 Friday afternoon on continued strength after the company Thursday reported 30.7% year-over-year revenue growth.
What Happened?
What happened: An anonymous cryptocurrency wallet holding $95,573,220 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as:
3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS
What happened: An Ethereum (CRYPTO: ETH) whale sent $40,178,085 worth of Ethereum off Gemini.
The ETH address associated with this transaction has been identified as:
0x530e0a6993ea99ffc96615af43f327225a5fe536
What happened: An anonymous Bitcoin (CRYPTO: BTC) whale just transferred $22,986,183 worth of Bitcoin off Coinbase, and the investor then sent these funds to Binance.