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Bitcoin Bursts Above $8,600 As Crypto Whales Move Millions in BTC

October 09, 2019

Bitcoin is leading a crypto market surge, rallying 5.25% to $8,627, according to COIN360.

Ethereum is up 6.88% at $192.32, XRP is up 1.89% at $0.2818, Bitcoin Cash is up 3.49% at $237.43 and Litecoin is up 3.90% at $59.34.

As the price of Bitcoin pops, BTC whales are beginning to surface.

In the last 24 hours, some of the biggest Bitcoin holders on earth have moved a total of 6,517 BTC worth $53.6 million.

Most of the transactions appear to be traders moving their digital assets off of crypto exchanges and onto personal wallets.

Here’s an overview of the biggest transactions in the last day.

Crypto analyst Josh Rager says Bitcoin bulls have yet to shift the momentum in their favor.

He’s looking for the price of BTC to push above $8,675.

“Currently Bitcoin has had a solid move today.

With a push up to $8,675 to tap that high volume mode (arrow) a break above this area would be bullish. With preferred break and close above $8,750.

Not out the woods yet until price closes above this area.”

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.