Satoshi-Era Dormant Whale Makes Big BTC Move

10/05/2024 16:53
Satoshi-Era Dormant Whale Makes Big BTC Move

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

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

Satoshi-Era Dormant Whale Makes Big BTC Move

Cover image via www.freepik.com

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.

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Source: Arkham/X

BTC in recovering mode

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.

Related

Bitcoin (BTC) Back to $62,000 on Strong US Payroll Data

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.

About the author

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Dan Burgin

Dan is a news editor and writer with 12 years of experience in finance and emerging technologies, with a strong focus on crypto. Covering a broad spectrum of topics, from fintech startups to AI, he provides an in-depth overview of the current state of the crypto market, along with insights into its potential for future disruption.

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