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© Reuters.
Investing.com – Data from Blockchain.com revealed that a massive $ 2 billion Bitcoin (BTC) transaction was processed on Monday, despite the huge financial value, with the anonymous wallet holder paying only 0.00001713 BTC fee equivalent to $ 0.78.
Based on Monday’s average trading price, near the $ 45,000 levels, it looks like the transfer process saw the transfer of around 44.5,000 bitcoins.
According to data from CoinMarketCap, bitcoin trading volumes yesterday stood at around $ 41 billion, while the lowest price was recorded at $ 43.5 thousand, while the highest price reached levels of 46.5 thousand dollars.
Although the purpose of this transfer is not known, nor the individual or entity that executed the transaction, what has been clearly demonstrated is the enormous potential of financial transactions using blockchain technologies.
It is reported that in August 2020, a $ 1 billion bitcoin transaction was registered with a token fee of just $ 4.
cheap cost
This agreement highlights the clear superiority of modern technologies in keeping funds away from traditional banking systems, but it also highlights the concerns of regulators and centralizers that these transfers are difficult to control.4
An international money transfer often takes one to four business days to process and involves a hefty 1-3% transaction fee, and for a $ 2 billion transaction it will cost between $ 20 million and $ 60 million.
In contrast, banks and governments have a central influence over remittances, unlike Bitcoin, which threatens free market principles.
Bitcoin now
Bitcoin rises during these times by over 5% to levels of $ 46.4 thousand, while its market value is around $ 872.9 billion.
While Bitcoin fluctuates in 24 hours between a high of $ 46.9 thousand and a low of $ 44.2 thousand, while it decreases in a week by 6.4%, but it increases slightly in thirty days of 0.4%, and 58% since the start of the year.
big whale
MicroStrategy CEO Michael Saylor said yesterday via a tweet that MicroStrategy had purchased an additional 5,050 bitcoins for $ 242.9 million in cash at an average price of $ 48,099 per bitcoin.
Saylor added that as of December 9 and 21, MicroStrategy owned around 114,042 bitcoins for around $ 3.16 billion with an average price of $ 27,713 per bitcoin.
Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.
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