Friday , October 22 2021
Home / Bitcoin (BTC) / Someone Just Transferred $1.15 Billion (0.4% Of Total Bitcoins) for $3.6 Fees

Someone Just Transferred $1.15 Billion (0.4% Of Total Bitcoins) for $3.6 Fees

Summary:
An anonymous user just made what seems to be the largest fiat value transaction using Bitcoin. In a single transaction, the user sent a total of 88,857.2449 BTC, which, at the current rates, is worth around .15 billion. Being well-known for its low fees, the entire thing cost the user less than . Large Bitcoin transactions have happened in the past, and most of them are characterized by their staggeringly low fees. It’s also interesting to note that this wasn’t the largest transaction in terms of BTC. As CryptoPotato reported earlier this year, a user sent a total of 124,946.622 BTC, representing a total of 0.07% of Bitcoin’s total supply. However, at the time, the amount was worth around billion, and the user paid in fees. Back in 2011, Mt. Gox transferred

Topics:
George Georgiev considers the following as important: , , , , ,

This could be interesting, too:

Andrew Throuvalas writes Solana Reaches Record High in TVL on DeFi Protocols While SOL Price Soars

Jordan Lyanchev writes Houston Firefighter’s Pension Fund Bought M Worth of Bitcoin and Ethereum

Jordan Lyanchev writes Mt. Gox Creditors Could Receive Billions in BTC as Latest Rehabilitation Plan Gets Approval

Dimitar Dzhondzhorov writes I Feel Underinvested in Bitcoin: PayPal Co-Founder Peter Thiel Says

  • An anonymous user just made what seems to be the largest fiat value transaction using Bitcoin.
  • In a single transaction, the user sent a total of 88,857.2449 BTC, which, at the current rates, is worth around $1.15 billion.
  • Being well-known for its low fees, the entire thing cost the user less than $4.
  • Large Bitcoin transactions have happened in the past, and most of them are characterized by their staggeringly low fees.
  • It’s also interesting to note that this wasn’t the largest transaction in terms of BTC.
  • As CryptoPotato reported earlier this year, a user sent a total of 124,946.622 BTC, representing a total of 0.07% of Bitcoin’s total supply. However, at the time, the amount was worth around $1 billion, and the user paid $80 in fees.
  • Back in 2011, Mt. Gox transferred 550,000 BTC, which today would be worth over $7.1 billion.
  • Meanwhile, Bitcoin’s price continues to trade around the $13,000 mark. It appears that the bullish momentum prompted by the PayPal news is somewhat fading. If bulls are to pick it up again, the next area of major resistance should lie somewhere around the important psychological resistance at $14,000.

Leave a Reply

Your email address will not be published. Required fields are marked *