Grayscale’s continued transfer of Bitcoin to Coinbase, the largest cryptocurrency exchange in the USA, continues to create movement in the price.
Grayscale, one of the world’s largest digital asset managers, joined Coinbase again before the US stock markets opened yesterday. Bitcoin (BTC) carried it. According to data from on-chain analytics platform Arkham Intelligence, Grayscale $530 million worth 12,865 BTC made the transfer.
Grayscale’s Bitcoin fund GBTC’s spot Bitcoin ETF After receiving approval to be January 11 It started to be traded on stock exchanges. Grayscale has since withdrawn its Bitcoins for the outflows in GBTC. to Coinbase carrying.
Grayscale, total since January 12 2.3 billion dollar worth 54,343 Bitcoins Transferred it to Coinbase.
This move by Grayscale first caused a decrease and then an increase in the Bitcoin price. bitcoin, Grayscale’s TSI with the transfer 17.00 around $41,450 experiencing a sharp decline from the levels to $40,200 declined. After this decrease, approximately After 3 hours Bitcoin, which is on the rise, is rapidly gaining value to $42,200 reached.
According to CoinGecko data, Bitcoin, at the time of writing from $41,690 is being traded.