Wednesday 6 November 2019
Cryptocurrency analysts have warned that early adopting Bitcoin whales still have “plenty of clout” when it comes to dictating market prices. Those behind Twitter-based transaction monitor @whale_alert have noted that an apparently dormant Bitcoin address houses almost 80,000 BTC ($750 million), and if the owner decides to sell them all, it could spell utter devastation for the industry. “That address alone — if that is actually a whale who’s been holding their coins for so long without doing anything with them — if they decide, ‘Okay, let’s go sell them,’ it would crush the market completely,” Whale Alert told crypto…
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