Bitcoin Whale Move: 600 BTC Sent From Genesis Trading To Coinbase, Here’s What To Know

Quick Summary:

Bitcoin, the largest digital asset in the cryptocurrency market is in the limelight as Genesis Trading, a major player in the industry has moved a significant amount of BTC to the San Fransisco-based cryptocurrency exchange Coinbase.

Genesis Trading currently holds assets worth about $2.43 billion, including 32,256 BTC and 113,604 ETH.

The move to Coinbase, reveals a significant change in the dynamics of the market as Bitcoin and other cryptocurrencies recover from recent market turmoil.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Arkham Bitcoin BTCUSDT DCG Btcusd Coinbase Judge Sean Lane Ethereum Bitcoin News Genesis Trading Btc Wu Blockchain Gemini Colin Wu

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 16:30:03 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21655555

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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