Ancient Bitcoin Wallet Sees Epic Awakening After 11 Years of Dormancy - U.Today
A dormant Bitcoin wallet containing 185 BTC worth nearly $10.5 million was suddenly activated after 11 years, sparking speculation in the crypto community. The owner, whose identity remains unknown, now holds a significant fortune as Bitcoin's value has skyrocketed over the past decade.
Bitcoin price action saw a 1% drop with Asian markets and U.S. stock futures falling in Wednesday's trading session. The rest of the crypto market was also trading in the red, except for a few assets like Internet computer (ICP) which saw an 11% increase. Glassnode data shows increased investor sell-pressure contributing to the downward trend in Bitcoin's price.
In summary, an ancient Bitcoin wallet awakening after 11 years highlights the potential for massive gains in the cryptocurrency market. The current market sentiment is cautious, with selling pressure impacting Bitcoin's price. Investors should stay informed and monitor market trends to make informed decisions about their finances.