From Yahoo Finance · · 50s
Mysterious trader moves $122m ahead of Fed
Whale shifts $122m Bitcoin hours before Fed rate hike.
In brief
Whale shifts $122m Bitcoin hours before Fed rate hike. A large Bitcoin holder moved $122.1m in BTC before the Fed's 25-basis-point rate hike. Originally reported by Yahoo Finance.
Fed rate decision
The Fed raised interest rates by 25 basis points to 3.75%-4.00%.
Trump's stance
Trump called for lower borrowing costs and said the U.S. should have the lowest interest rates globally.
CLARITY Act failure
The CLARITY Act failed in a 49-50 Senate vote, needing 60 votes to pass.
Whale move
A trader moved 1,604 BTC worth $122.1m between two unknown wallets.
Timing significance
The move happened hours before the Fed's rate decision and after the CLARITY Act setback.
Market reaction
Bitcoin stabilized near $75,921 after the Fed's rate hike and CLARITY Act failure.
The essence
A large Bitcoin holder moved $122.1m in BTC before the Fed's 25-basis-point rate hike.
