U.Today – This morning, prominent blockchain tracking service Whale Alert reported on the awakening of several Satoshi-era wallets after more than 15 years of hibernation.
Five Sleeping Bitcoin Miners from 2009 Suddenly Return
However, analytics account @lookonchain published a post revealing that five dormant Bitcoin wallets had woken up in one hour, each containing 50 BTC – the equivalent of $3.18 million. By November 2012, when the halving occurred, the Bitcoin network had reached 210,000 blocks.
They are all miners who earned 50 BTC for generating a Bitcoin block in 2009 – the year the world’s pioneering cryptocurrency was launched by the enigmatic Satoshi Nakamoto. At that time, the block reward was 50 BTC until the first BTC halving in 2012, when it was lowered to 25 BTC.
The total value transferred across all five wallets was 250 BTC – a total value of Bitcoins of almost $16 million.
Bitcoin price regains $63,000
This week, Bitcoin, the world’s leading cryptocurrency, has seen a significant rise, gaining a total of over 11%, rising from $57,600 to $64,000.
The price raise in the last 24 hours was 3.36%. However, it was followed by a petite decline and at the time of writing, BTC is changing hands at $63,545. This impressive raise was triggered by the Federal Reserve’s decision to cut the annual interest rate by 50 basis points.
This is the first interest rate cut in four years by the world’s most significant central bank, which has adopted a dovish policy.
