Bitcoin Whale Transfers 19,000 BTC Worth $1.1 Billion

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Bitcoin whales have accelerated the transfer activity of the world’s most valuable digital currency. According to the latest data published by crypto analytics and blockchain tracking platform, Whale Alert, a large BTC address moved 19,000 Bitcoin to an unknown crypto wallet.

The total value of the transaction currently stands at around $1.1 billion. The transfer was executed on 5 May at 19:38 UTC. The mentioned Bitcoin transaction was recorded on blockchain.com.

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The movement of large BTC amounts has increased since the start of this year amid a surge in the price of Bitcoin. The cryptocurrency is up by nearly 90% over the last 4 months. As of writing, BTC is trading near $57,000, which is up by more than 5% in the last 24 hours. The total market cap of Bitcoin stands at around $1.06 trillion.

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Apart from the latest transaction, Whale Alert highlighted a jump in BTC transfer activities across different digital exchanges. Crypto whale moved 2,250 Bitcoin worth approximately $125 million yesterday from a digital wallet to cryptocurrency exchange Coinbase. A BTC whale address moved 820 coins worth more than $47 million from Xapo to crypto exchange Binance earlier today.

In addition to Bitcoin, whale activity across other digital currencies including Ethereum, XRP, USDT and Binance Coin has increased in the last few days. Earlier today, a…

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