Crypto trading volume rises by 25.9% due to whale moves

MARKET_WATCH

Crypto

The crypto trading volume has risen by 25.9% over the past 24 hours. The high number of transactions could have been highly attributed to whales making big trades in BTC, ETH and major altcoins.  Ethereum whales buying crypto as optimism… 

 

The crypto trading volume has risen by 25.9% over the past 24 hours. The high number of transactions could have been highly attributed to whales making big trades in BTC, ETH and major altcoins. 

 

Ethereum whales buying crypto as optimism grows

Ethereum (ETH) whales have been quite active over the past 24 hours. There have been major transactions, such as a whale that bought 620 $weth ($1,018,629), according to WhaleStats. Another whale bought $ 1,012 $weth ($1,640,209), and another bought $ 2,003 $weth ($3,246,382).

 

ETH has had an exciting week as it battled to reach $1,700. Its recent surge over the past week has created optimism in the market, and many hope the bear market is finally over. However, this week has started with a correction back to $1,630, a 2.24% drop over the past 24 hours. However, it’s a 0.76% gain over the past week.

 

BTC crossed the $23K mark prompting whale activity

BTC recently crossed the $23,000 mark and has caught the attention of whales in the crypto market. In just three transactions, the whales moved $743 million in crypto.

 

On Feb. 3, one whale moved 13,369 BTC ($311 million) from an unknown wallet. The holder was among the top 65 BTC wallets, BitInfoCharts show. The next day, ETH worth $309 million was moved, followed by a $123 million transaction from Gate.io to an unknown wallet by a single entity, making it the second largest in its history.

 

 

Source : [Crypto trading volume rises by 25.9% due to whale moves](crypto.news/crypto-trading-volume-rises-by-25-9-due-to-whale-moves/) by Samuel Mbaki Wanjiku - Bitcoin Ethereum 000•crypto.news by Samuel Mbaki Wanjiku / February 06, 2023

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.