$955 million of stolen Bitcoins have just been moved as it someone figured out how to move them so let’s read more in today’s Bitcoin news.
A Bitcoin wallet containing 69,370 or $955 million worth of Bitcoin just moved the holdings out. the wallet address of 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx was the fourth biggest wallet in terms of crypto holdings. The coins were sitting in the wallet since 2015 when the price of Bitcoin was in the middle of its $200 range. Today, one bitcoin is trading at $13,800. The holdings predate the Bitcoin Cash hard form which means that the address owner was entitled to 69,370 BCH and was the 18th largest bitcoin cash wallet until these holdings were moved as well today.
The owner of the address is unknown but the hacker has been trying to get into the wallet for years that use a file that holds the price keys. Unfortunately for them, the password and the file type made it quite hard to access but no one managed to do so in years. Looks like someone figured it out how to move the funds or the owners decided to move the coins to a wallet that is not traded around the dark web.
As reported previously, Bitcoin started a fresh decline after it faced strong selling pressure at $13,700. The price is trading below the $13,600 support line and at the 100 hourly simple moving average. There was also a break below the crucial contracting triangle with support close to the $13,600 on the hourly charts of the BTC/USD pair. The pair shows some bearish signals and it seems that the bears are aiming for a test at $13,000.
The number one cryptocurrency could fall as low as 30 percent according to Blockroots co-founder while speaking of the earlier pullbacks. He noted that BTC/USD has a thing for logging extreme retracement after the relentless rally which mentions nine of these cases in the recent history where the bull markets resulted in the corrections of about 30 percent.
As reported earlier, The number one cryptocurrency could fall as low as 30 percent according to Blockroots co-founder while speaking of the earlier pullbacks. He noted that BTC/USD has a thing for logging extreme retracement after the relentless rally which mentions nine of these cases in the recent history where the bull markets resulted in the corrections of about 30 percent.
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