Several dormant Bitcoin whales reactivated their wallets after more than 10 years of hibernation
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According to data shared by the popular blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, approximately 17 hours ago, ancame out of 11-year hibernation. The tweet says: “A dormant address containing 21 BTC has just been activated after 11.0 years!”Last used in 2013, three years after the mysterious Bitcoin creator Satoshi Nakamoto disappeared from the public eye, the wallet contains 21 Bitcoins.
After coming really close to the $66,000 level on Sunday, the world’s largest cryptocurrency in terms of market capitalization size, Bitcoin, plunged by 7.99% and landed at the $60,720 level earlier today. This was followed by a bullish move as BTC succeeded in paring some of its losses. Over the past few hours, Bitcoin has managed to increase by 1.71%, rising to $61,800. However, bears again pushed it down, and currently the digital gold is trading at $61,370 per coin.
Bitcoin has been going down, despite the recently announced 50 basis-point rate cut by the Federal Reserve and the start of “However, the tightening of geopolitical tensions in the Middle East has pushed financial markets down, including Bitcoin, with altcoins following suit. Besides, BitMEX founder Arthur Hayes stated that BTC is likely to drop after the rate cuts before it goes up again.Yuri is interested in technology and technical innovations.
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