🚀 Bitcoin Holder Converts $327 Million to Ethereum in Eight Hours
#Bitcoin #Ethereum #BTC #ETH #BitcoinToEthereum #OnchainLens #ForesightNews
According to Foresight News, Onchain Lens has reported that a prominent Bitcoin holder recently deposited 1,000 BTC, valued at approximately $109 million, for conversion into Ethereum. This transaction occurred 20 minutes ago. Over the past eight hours, the holder has deposited a total of 3,000 BTC, worth around $327 million, and exchanged it for Ethereum.#Bitcoin #Ethereum #BTC #ETH #BitcoinToEthereum #OnchainLens #ForesightNews
🚀 Significant BTC to ETH Conversion Observed on THORChain
#BTC #ETH #THORChain #Bitcoin #Ethereum #Crypto #Blockchain #PANews #ETHBTC #Cryptocurrency #BitcoinToEthereum #MarketTrends
According to PANews, since November 25, a particular address has been actively converting Bitcoin (BTC) to Ethereum (ETH) using THORChain. On December 15 alone, the address exchanged 317 BTC for 9,105 ETH, amounting to approximately $28.15 million. Over a span of 20 days, a total of 2,289 BTC has been converted into 67,253 ETH, with the cumulative value exceeding $204 million. The average cost per ETH during this period was around $3,036. Concurrently, the ETH/BTC exchange rate increased from 0.0322 to 0.0347, indicating a slight appreciation of ETH relative to BTC.#BTC #ETH #THORChain #Bitcoin #Ethereum #Crypto #Blockchain #PANews #ETHBTC #Cryptocurrency #BitcoinToEthereum #MarketTrends