Bitcoin has spent the last week bashing away at that $10,000 ceiling without quite managing to break through—even as it gained more than 1.5 percent over the last seven days. Analysts have put the failure to rise into five figures down to three factors: a meeting of the Federal Reserve’s Federal Open Market Committee which suggested that the jobs market has hit bottom; the liquidation of $14 million worth of short contracts; and an ongoing market reluctance to accept a $10,000-plus price.
As the coin continues to tickle the $10,000 mark though one whale has decided to move more than 132,000 bitcoins. That’s about $1.3 billion. The move came in three transactions a minute apart. The identity of the whale remains a mystery but it’s likely to be an exchange or a custodial service.
Continue Reading on Coin Telegraph
