As a seasoned crypto investor who has been in this game since 2009, I’ve seen it all – from the darkest depths of market crashes to the dizzying heights of record-breaking rallies. And now, watching this Bitcoin whale move their $72.5 million fortune around, I can’t help but feel a twinge of nostalgia and a touch of envy.
An individual who owns more than $72.5 million worth of Bitcoin, which they acquired in 2009, recently transferred $3.58 million of that Bitcoin to the exchange Kraken, as reported by Arkham Intelligence based on their latest activity.
This Bitcoin was mined only one month after the initial cryptocurrency’s launch in March 2009.
Previously, on September 24th, a significant Bitcoin holder transferred 5 Bitcoins to Kraken. Currently, the wallet maintains around 2,049.95 Bitcoins, which is equivalent to approximately $72.5 million in value.
BTC in recovering mode
On Friday, Bitcoin increased by 3%, breaking through $62,000, primarily due to a stronger-than-anticipated U.S. jobs report. The United States saw an addition of 254,000 jobs in September, significantly more than the forecasted 140,000. This robust job growth fueled optimism about the overall economy and played a significant role in boosting Bitcoin’s value.
Earlier in the week, Bitcoin had dropped 6%, falling to around $60,000.
In response to the expectation of favorable employment figures, the cryptocurrency started to rebound gradually. Following its initial drop after the data was announced, Bitcoin surged by more than 1%, while Ethereum and XRP saw comparable increases in value as well.
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2024-10-05 13:02