Market Wrap: Who Transferred 10K Bitcoin From Wallet Linked to the Failed BTC-e Exchange?
Nov 23rd, 2022 17:34 EST
A crypto wallet attributed to the BTC-e exchange that's been linked to the 2014 Mt. Gox hack burst into life Wednesday with its largest transaction since August 2017, sending a total of 10,000 bitcoin, worth around $165 million, to two unidentified recipients, according to CoinDesk’s Anna Baydakova.
Bitcoin (BTC) jumped about 2% after minutes from the Federal Reserve’s November meeting showed that the majority of central bankers prefer a slower pace of rate hikes going forward. The largest cryptocurrency by market capitalization was trading as high as $16,671 but had settled back to $16,400 as of press time.
“A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,” the minutes stated. “The uncertain lags and magnitudes associated with the effects of monetary policy actions on economic activity and inflation were among the reasons cited regarding why such an assessment was important.”
Equity markets turned green ahead of the Thanksgiving holiday: U.S. stocks edged up following the Fed minutes release, with the Standard and Poor's 500 Index up 0.5% at closing. The Dow Jones Industrial Average (DJIA) gained 0.2% while Nasdaq was up 0.9%.
+20.3 ▲ 2.5%
+389.0 ▲ 2.4%
+44.2 ▲ 3.9%
S&P 500 daily close
+23.7 ▲ 0.6%
+13.1 ▲ 0.8%
Treasury Yield 10 Years
BTC/ETH prices per CoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET