Panic As Whale Moves $125 Million Worth of Bitcoin in hours

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A few hours ago, the Whale passed 2, 210 Bitcoin in a block of 675, 713 units worth $125 million.

This is one of the most significant business transfers in recent weeks.

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The Whale is known as a big Bitcoin investor, and the transition happens at a time when the digital asset’s price is still rising.

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The Bitcoin price is often decided by large investors. A few hours after the move, the market reacted negatively, falling to $56.612 per unit in the early hours of Monday.

Late on Sunday, the price of bitcoin rose to $58,169.

As a result of the whale’s movement, the price value decreased by 2.67 percent.

However, in the last few hours, the situation has changed, with Bitcoin trading at $57,862 at the time of filing this article.

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The Central Bank of Nigeria (CBN) agreed to ban cryptocurrency transactions in Nigeria due to a lack of faith in the cryptocurrency activity.

Bitcoin and other cryptocurrencies have been branded as a Ponzi scheme by the central bank, which is used by criminals to fund their activities.

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