Bitcoin
Satoshi Era Bitcoin Wallet Shows 7,634% Profit in Bitcoin, Awakening After 10.6 Years by U.Today
U.Today – According to multiple sources, earlier today, a dormant wallet was reactivated by its anonymous owner. The last time this whale used his cryptocurrency wallet was 10.6 years ago.
Now, the value of the Bitcoin held in it has skyrocketed by nearly 8,000%, making its owner a millionaire. This was the fourth dormant BTC wallet to awaken in the past week.
Satoshi-era Bitcoin wallet awakens with millions in BTC
Transaction tracker Whale Alert and on-chain analytics platform Spot On Chain noticed the awakening of the aforementioned whale, which holds 1,004 BTC.
While this wallet purchased these coins in 2013 and 2014 at an average price of $731 and at that time this cryptocurrency was worth $737,000, it has now seen a staggering price increase of 7,634% and is valued at a whopping $56,924,352.
Chinese cryptocurrency journalist and blogger Colin Wu reported that this sleeping whale has already transferred all of its crypto to a new wallet. Earlier this week, three other dormant wallets came back to life containing a lot of Bitcoin — $1.14 million, $2.6 million, $6.9 million in Bitcoin equivalent.
Bitcoin Reclaims $56,000 After Falling Below $54,000
Over the past 24 hours, the global leading cryptocurrency Bitcoin has seen a nice surge of 4.56%. BTC has managed to recover after falling slightly below the $54,000 level on Friday and is changing hands in the $56,500 zone at the time of writing.
The price surge has come despite the US and German governments continuing to dump large amounts of Bitcoin into the market, and they have now been joined by Mt. Gox. The fledgling cryptocurrency exchange that has been non-functional for the past 10 years has finally started paying out Bitcoin and its royalties to its investors and traders.
Still, a positive nonfarm payrolls report was released on Friday, showing an increase in employment, and this allowed Bitcoin to recover some of its recent losses.