Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Satoshi-Era Dormant Whale Makes Big BTC Move

Published 10/05/2024, 05:53 PM
Updated 10/05/2024, 09:15 PM
© Reuters.  Satoshi-Era Dormant Whale Makes Big BTC Move
BTC/USD
-

U.Today - A Bitcoin whale holding over $72.5 million Bitcoin from 2009 has sent a total of $3.58 million BTC to Kraken with their most recent movements yesterday, according to Arkham Intelligence.

This Bitcoin was mined only one month after the initial cryptocurrency's launch in March 2009.

Earlier, Sept. 24, this Bitcoin whale moved 5 BTC to Kraken. As of now, the wallet still holds approximately $72.5 million, or 2,049.95 BTC.

Bitcoin surged 3% on Friday, climbing past $62,000 following a stronger-than-expected U.S. jobs report. The U.S. added 254,000 jobs in September, far surpassing predictions of 140,000, which bolstered optimism for the broader economy and helped drive Bitcoin’s rise.

Earlier in the week, Bitcoin had dropped 6%, falling to around $60,000.

However, in anticipation of the positive jobs data, the cryptocurrency gradually recovered. After a brief dip following the report's release, Bitcoin spiked over 1%, with other cryptocurrencies like Ethereum and XRP experiencing similar gains.

This content was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.