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THORChain Trade Values Expected Bitcoin (BTC) Output at About $1.10 Million

A Saturday, Nov. 7 observation involved 493.15 Ether (ETH) priced at $2,234; the estimated return was 14.5 BTC at a reported $75,737 per coin.

Updated 1 min read
An editorial diagram depicts an Ether-to-Bitcoin route through THORChain with output still pending / TokenPost.ai
An editorial diagram depicts an Ether-to-Bitcoin route through THORChain with output still pending / TokenPost.ai

An estimated 14.5 Bitcoin (BTC) worth about $1.10 million was the projected return from a THORChain transaction observed Saturday, Nov. 7, involving 493.15 Ether (ETH) at prices recorded at the time.

The transaction was still underway during the observation, leaving the BTC output unconfirmed. Ether was priced at $2,234 and Bitcoin at $75,737; applying the latter price to 14.5 BTC yields about $1.10 million.

The Ether input was also valued at about $1.10 million. THORChain provides an exchange route for crypto assets on separate blockchain networks.

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