Breaking News: Bitcoin Whale Moves $3.58 Million BTC to Kraken - Should You Invest?
In a stunning move, a Bitcoin whale holding over $72.5 million worth of BTC from 2009 has sent a total of $3.58 million BTC to Kraken, according to Arkham Intelligence. This whale originally mined the Bitcoin just one month after the cryptocurrency's launch in March 2009.
Just last month, on Sept. 24, the same whale moved 5 BTC to Kraken, but the wallet still holds approximately $72.5 million, or 2,049.95 BTC. This news comes as Bitcoin surged 3% on Friday, surpassing $62,000 after a stronger-than-expected U.S. jobs report. The report revealed that the U.S. added 254,000 jobs in September, exceeding predictions of 140,000. This positive economic news has also contributed to Bitcoin's rise.
Earlier in the week, Bitcoin had experienced a 6% drop, falling to around $60,000. However, the anticipation of the positive jobs data helped the cryptocurrency gradually recover. Following the report's release, Bitcoin spiked over 1%, with other cryptocurrencies experiencing similar gains.
In conclusion, this significant movement of BTC by a long-time holder raises questions about the future of Bitcoin and whether now is the time to invest. With the cryptocurrency market showing signs of recovery and positive economic indicators, it may be a strategic move to consider investing in Bitcoin. Stay tuned for more updates on this developing story and its impact on the financial markets.