As a seasoned crypto investor with a decade of experience under my belt, I’ve seen my fair share of market volatility and historical milestones. The recent news about ancient Bitcoin wallets coming back to life after years of dormancy is nothing short of astonishing.
The widely-used Bitcoin tracker, Whale Alert, has recently highlighted two old Bitcoin wallets that have become active again within the last two days, piquing the interest of the cryptocurrency community.
Previously inactive whales have brought their Bitcoin wallets back to life, earning substantial fortunes from their BTC investments.
Satoshi-era Bitcoin whales coming back
Approximately 14 hours ago, Whale Alert reported that an ancient whale (a large-scale Bitcoin holder) activated their wallet, holding 53 Bitcoins. The value of these Bitcoins currently amounts to approximately $3,498,414. In contrast, this same amount was worth only $3,716 in 2013. This Bitcoin investor has experienced an astounding 94,044% increase in profit.
An inactive Bitcoin address holding approximately 53 bitcoins, equivalent to around $3,498,000, has suddenly become active after lying dormant for nearly 11 and a half years (equivalent to roughly $3,700 at the time of its last activity in 2013).
— Whale Alert (@whale_alert) July 23, 2024
A prominent early Bitcoin investor was recently identified as accessing his digital wallet on July 22, according to available data. This wallet holds a significant amount, equal to approximately $1.35 million or 20 Bitcoins, which last saw transaction activity over 13 years ago – back in 2011. This discovery comes seven years after the enigmatic figure known as Satoshi Nakamoto, Bitcoin’s creator, stepped away from the public sphere and handed over the reins to developers eager to advance the fledgling cryptocurrency.
Several ancient Bitcoin wallets, containing substantial bitcoins, were reactivated last week, resulting in significant gains for their owners.
Bitcoin heading toward $67,000
As a cryptocurrency analyst and trader, I’ve weighed in on Bitcoin’s current trajectory based on recent price movements. Over the last 24 hours, Bitcoin experienced a decline of 2.16%, causing it to forfeit the $67,000 mark and settle around $65,300.
Over the past two days, Bitcoin experienced a decline of 3.62%, dropping from around $68,290. This was the second attempt this week for Bitcoin to surpass that price mark. Currently, Bitcoin has bounced back from its dip to $65,512 and is now hovering at $66,458.
According to a recent tweet from Ali Martinez, Bitcoin appears poised for a significant price increase, potentially reaching a peak of $67,000. In order to continue climbing, Bitcoin must first surmount the current resistance at $66,450.
Bitcoin is exhibiting strong indications of a significant price surge, potentially reaching the level of $67,000. The Relative Strength Index (RSI) has already broken free from its downward trendline, suggesting a potential shift in market momentum. However, for a confirmed bullish breakout, Bitcoin must first surpass the resistance level at $66,450.
— Ali (@ali_charts) July 24, 2024
As a seasoned financial analyst with over a decade of experience in the cryptocurrency market, I’ve witnessed countless fluctuations and trends that have shaped the digital currency landscape. This week’s unexpected Bitcoin dip was particularly intriguing to me because it coincided with an exciting development in the Ethereum ecosystem: the launch of spot Ethereum exchange-traded funds (ETFs) on major stock exchanges.
Max Keiser, a Bitcoin maximalist, asserted via tweet on Tuesday that the introduction of spot Bitcoin ETFs has solidified Bitcoin’s position as digital gold. In contrast, he believes that Ethereum ETFs may diminish Bitcoin’s allure for investors. Keiser continued his criticism of Ethereum, labeling it a “proof-of-stake Ponzi scheme” with a substantial pre-mine, which insiders are unloading onto unsuspecting newcomers.
One potential way to rephrase the given statements in clear and conversational language is as follows:
— Max Keiser (@maxkeiser) July 23, 2024
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- CKB PREDICTION. CKB cryptocurrency
- USD COP PREDICTION
- EUR ILS PREDICTION
- TROY PREDICTION. TROY cryptocurrency
- NOTE PREDICTION. NOTE cryptocurrency
- UFO PREDICTION. UFO cryptocurrency
- PRIME PREDICTION. PRIME cryptocurrency
2024-07-24 15:44