Crypto News

Analysts: the stock market sank after the transaction at $1.2 billion

Major transaction VTS, perhaps, was the reason for the sale on September 24 and falling prices of bitcoin below $8000.

To such conclusion analysts of the monitoring resource Tree Byte, analyzing the data for the last 24 hours of trading activity when the first cryptovariable 12% in just a few hours.

According to the findings of the Byte Tree, collapse provoked a deal worth 1.2 billion dollars between the two unknown addresses. The scale of the transaction has caused a panic session sales.

Given the stability of the market in recent months, and bullish sentiment of analysts, researchers suspect that they are dealing with a well-organized dump on the market.

By this morning, the market continued to decline, and the price of BTC began to gradually recover.

Many traders still have concerns about short-term prospects of bitcoin, believing that to restore the market to need at least a month.

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