Breaking News: Dormant Bitcoin Wallet from Satoshi Era Worth $4.1M Awakens After 13.6 Years
According to on-chain data, a dormant wallet from the early days of Bitcoin, presumably belonging to the mysterious founder Satoshi Nakamoto, has suddenly come to life. The wallet contains 64 BTC, now worth a staggering $4,147,400.
This recent activation is part of a trend where several dormant Bitcoin wallets have been coming to life after years of inactivity. For example, a wallet containing 142 BTC saw gains of 11,454% after 10.8 years of dormancy. Another wallet with 19 BTC gained 8,844% after 10.7 years of inactivity. These activations often belong to early adopters of Bitcoin, making them significant events in the market.
In other news, Bitcoin surged to $64,987 after U.S. Federal Reserve Chairman Jerome Powell hinted at a possible monetary easing cycle starting next month. The rally continued with Bitcoin reaching highs of $64,529 before slightly easing to $63,929 at the time of writing.
Crypto analyst Ali suggests that Bitcoin faces a crucial resistance level at $67,300, with a breakthrough potentially leading to a climb to $80,500.
In conclusion, the awakening of dormant Bitcoin wallets from the early days of the cryptocurrency's existence highlights the potential for significant gains in the market. Investors should keep an eye on these developments as they could impact the price and future trajectory of Bitcoin.