The BTC price reaches a 5-month maximum, and the unknown person sends 1,000 BTC, which had been “sleeping” since 2010

BTC rate sets a maximum of 5 weeks

At the weekend, the price of the first cryptocurrency continued to grow and exceeded the $11'500 mark.

Bitcoin was last trading this high on September 2. Sunday was the fifth trading day in a row that BTC closed with a profit. The cryptocurrency has gained 7.3% since last Wednesday.

At the same time, bitcoin trading volumes have been falling for the third day in a row — during this time they have decreased by 71% to $19 billion. The cryptocurrency market capitalization is $360 billion.

1,000 BTC moved for the first time since 2010

An unknown sender transferred 1,000 bitcoins, which had not been moved since 2010.

The coins were withdrawn to one address and then split into transactions of 10 BTC each, according to the Goldfoundinshit resource. Tracking the history of transactions, the authors of the portal came to the conclusion that all the coins belong to one owner.

A similar transfer took place on March 11, right before the collapse of the BTC price from $7,900 to $4,000. Then, too, 1,000 bitcoins, which had been “sleeping” since 2010, came into motion. In both cases, the sender first withdrew the coins to a P2SH address and then split them into multiple bech32 addresses.

Tether will displace Ethereum from the second place in terms of capitalization

According to Bloomberg analysts. Moreover, this will happen next year.

Today Ethereum ranks second in the cryptocurrency capitalization rating with $41.48 billion. Tether (USDT) lags almost three times behind with a value of $15.73 billion. Since the end of August, the capitalization of the USDT token has grown by more than 50%, which allowed the stablecoin to displace XRP from the third place.

The Bloomberg report notes that if the current trend continues, Tether would be able to bypass ETH as early as 2021.

“Increasing adoption of stable coins is likely a precursor for central bank digital currencies and promises to be more enduring than alt-coin speculative excesses. The rapid rise in the market cap of stable coins indicates that central bank digital currencies (CBDCs) are a matter of time, in our view,” analysts say.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store