Trader Moves Over $1B Across Borders for Just $1.50 on Bitcoin Network

Due to its minimal cost, a recent cross-border transaction on the Bitcoin blockchain has sparked discussions within the crypto community. Reports reveal that over $1 billion was transferred with a transaction fee of only $1.50.

Moreover, the development highlights the Bitcoin network’s scalability and cost-effectiveness, particularly for high-value transfers. The fee, notably independent of the transaction amount, demonstrates Bitcoin’s suitability as an alternative for large-scale transactions.

Bitcoin Facilitates $1.1B Cross-Border Transfer with $1.50 Fee

In a recent post on X, The Bitcoin Historian noted that 11,000 BTC—equivalent to $1.1 billion—was moved across borders, incurring a fee of just $1.50. The transaction highlights blockchain technology’s potential for facilitating high-value transfers at minimal expense.

JUST IN: Someone just moved 11,000 #Bitcoin worth $1.1 BILLION around the world for ONLY $1.50

The world’s most efficient monetary network 🚀 pic.twitter.com/9oxtXUfzbn

— The Bitcoin Historian (@pete_rizzo_) January 16, 2025

Unlike traditional banking systems, which often involve hefty fees and extended processing times for cross-border transfers of similar magnitude, Bitcoin’s blockchain facilitated this transaction almost instantly with minimal charges. These fees are determined by network conditions and transaction size rather than the value transferred.

In addition, the transaction highlights the strengths of Bitcoin’s proof-of-work consensus mechanism. The system ensures secure and verifiable transactions without intermediaries, prioritizing efficiency and security.

Executive Order Hopes and ETF Inflows

Meanwhile, Bitcoin (BTC) rallied on Friday following reports that President-elect Donald Trump might issue an executive order prioritizing cryptocurrency as a national agenda. The cryptocurrency’s value climbed over 4% to $104,672.37, marking an 11% increase in 2025.

Interestingly, BTC’s price rally remained strong, reaching an all-time high of over $109,000 on Monday morning, according to CoinMarketCap. However, it has experienced a slight correction, consolidating at $108,000 as of press time.

Furthermore, spot Bitcoin ETFs have also seen inflows exceeding $1 billion over the past two market days. Market participants anticipate positive announcements from the incoming administration, which could drive Bitcoin to new highs.

Notably, the stock market for crypto-related companies has closely mirrored Bitcoin’s price movements this year, with both Coinbase (COIN) and Robinhood (HOOD) gaining more than 4%. Additionally, interest in smaller market-cap cryptocurrencies has surged, with Litecoin (LTC) experiencing a 30% increase on Thursday and Friday.