Bitcoin has come back from the dead by recovering to a stable $11,000 on Monday, almost doubling its value since its low $6,000 earlier this month.  
news of an unknown trader buying up  344 million worth of bitcoin

News of an unknown trader buying up $344 million worth of bitcoin between February 9 and February 12 has experts speculating whether its globalist billionaire George Soros.

The purchase was then preceded by a huge sell-off that cut over 50% of the cryptocurrency market value as fears grew about regulation and security.According to CoinThud: A mystery cryptocurrency trader has bought $400 million worth of Bitcoin.

The anonymous crypto enthusiast bought the dip on a monumental scale by scooping up almost 41,000 extra Bitcoin.The trades took place between 9th and 12th of February at an average price of $8400 for each Bitcoin.The funds were sent to bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 making the total for that wallet a staggering 96,000 Bitcoin.

As the price of BTC hovers around the $11k mark today, it makes the value of the wallet just over $1.056 billionReason for Bitcoin price surge?On Sunday, the price of Bitcoin rose to $11,328 following news that the mystery buyer made the whopping $400 million investment in Bitcoin.

The purchase came after a huge sell-off that had erased more than 50 percent of the cryptocurrency market value.One of the biggest reasons for the drop was speculation of growing regulation and security fears.Bitcoin fell from all-time highs of $20,000 in December to below $6,000 on February 4.

Read more at:

Post a Comment