The largest volume is recorded in the bitcoin blockchain …

The largest volume of transactions recorded in the bitcoin blockchain within one hour

On December 4, the largest volume of transactions carried out within one hour in the entire history of the existence of a cryptocurrency was recorded in the bitcoin blockchain. The value was $ 8.9 billion. Technical director and co-founder of the analytical service Glassnode Rafael Schulze-Kraft draws attention to this.

Although data of such a plan is often one of the main tools in the hands of analysts in forming theories about future market movements, the reason for a new record can be quite trivial. On Thursday, the monitoring service Whale Alert recorded multiple transactions of $ 300-400 million, some of which featured the name of the Bittrex exchange..

“We have disabled notifications for this type of translation to avoid clogging up the feed. The amounts are gradually decreasing and now range from 10 to 100 BTC, ”wrote Whale Alert.

Subsequently, Bittrex itself allayed the fears of users and confirmed that nothing threatens their assets. “We have confirmed that these are normal transactions. Any allegations of hacking or security breaches are untrue, ”the company said..

Today Bittrex will carry out scheduled maintenance work on its platform from 10:00 PM UTC to 11:00 PM UTC. During this time, users will not be able to log into their accounts and carry out transactions on the exchange.

The largest volume is recorded in the bitcoin blockchain ...

In addition to large movements in the blockchain, the past Wednesday was marked by several volatile movements in the cryptocurrency rate. On the Binance exchange, fluctuations at the extreme points reached $ 7,067 and $ 7,750.

At the time of publication, the price of bitcoin is about $ 7,300, thus rising by 2.5% in the last 24 hours.

The largest volume is recorded in the bitcoin blockchain ...