A recent transfer of 509 Bitcoins worth 52,933,217 USD was made to Coinbase Institutional from an anonymous wallet, coinciding with Bitcoin’s surge above 105,000 USD, nearing its record high.
Factors influencing Bitcoin’s rise include a reported favorable trade agreement between the US and China, alleviating trade tariffs that affected investors. However, caution is advised as the deal is yet to be officially confirmed.
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