The cryptocurrency has been on the flip side of the ongoing global pandemic of the Coronavirus or COVID-19 which saw the price of Bitcoin go down in a drastic price.
But a Whale was spotted yesterday, March 31 and it was reported by u.today which saw an massive Bitcoin transaction which is worth over $328 million in total.
Although the transaction was an internal transfer and would not affect Bitcoin’s price significantly, it was still a big boost for the crypto.
Whales are said to have manipulated the prices of Bitcoins throughout the years. U.Today also reported the massive kicked off last year, right around this time where Whales engineered a low liquidity to pump the price.
Although many experts and critics have voiced out that Whales or certain cryptocurrency holders are responsible in the manipulation of the prices, this move yesterday though might be considered a ‘good’ move to put some leverage in the barely breathing price of Bitcoin.