25 Bitcoin Transactions Worth $6 Billion Included in One Block

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Several high-value bitcoin transactions were included in a single block on June 30.

Bitcoin Block Bot, a Twitter account dedicated to reporting significant bitcoin transactions reported that 25 bitcoin transactions worth $6 billion were included in block 583,139 on June 30.

Cryptocurrency news outlet AmbCrypto reported that all the transactions formed a bigger, linear transaction.

This last address received a total of 5,800 BTC, and was a receiving wallet in all 25 transactions.

Wallet 2 also transferred 300 BTC to wallet 3 and 24,092.

93013651 to a fourth wallet in a chain that continued for 23 transactions.

As of press time, wallet 3 has performed 440,505 transactions, received a total of 5,959,532 BTC, and currently holds nearly 6,445 BTC. As Cointelegraph reported earlier this week, Galaxy Digital founder and crypto enthusiast Mike Novogratz predicted that Bitcoin's price will stabilize between $10,000 and $14,000.

The same day news broke that Fundstrat Global Advisers Co-Founder Thomas Lee suggested that bitcoin's volatility makes a long-term approach towards it more appropriate for most traders.

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