15,519 Bitcoin Bought for $1.1 Billion at $70,000 Each on 2024-03-30

On 2024-03-30, a significant transaction in the cryptocurrency market occurred when an unidentified buyer purchased 15,519 Bitcoin at a price of $70,000 each, totaling approximately $1.1 billion. This transaction was executed on the Bybit platform at 9:29 am GMT. The remarkably low transaction fee of $17 associated with this massive purchase has sparked speculation and interest within the crypto community. Following this event, the price of Bitcoin experienced a notable increase, rising back over $71,000 by 2024-03-31. This surge has led to speculation about potential new all-time highs and discussions regarding the buyer's identity, with some suggesting involvement by a nation-state or wealthy entities from countries like Qatar or Saudi Arabia.