25.07.2025 09:08

Galaxy Digital's substantial Bitcoin transfer sent ripples through the cryptocurrency market, triggering a notable price drop. A significant movement of 10,000 BTC, valued at approximately $1.18 billion, from Galaxy Digital to several cryptocurrency exchanges precipitated a sharp decline in Bitcoin's price.

This substantial transaction resulted in Bitcoin hitting its lowest point in a fortnight, plunging to $115,080. The market reacted swiftly to this large-scale transfer, underscoring the influence of major players on cryptocurrency volatility.

The recent market fluctuations highlight the interconnectedness of large financial institutions and the crypto market's sensitivity to large-scale transactions. Analysts are closely examining the implications of Galaxy Digital's actions, speculating on the potential motivations behind such a significant move. Further investigation is needed to fully understand the lasting consequences of this transaction on Bitcoin's price and overall market stability. The event serves as a reminder of the inherent volatility within the cryptocurrency space and the power wielded by influential participants. Information obtained from internet sources indicates this event had a pronounced impact on the market.