Early Bitcoin Addresses Move $6M as BTC Hits $100K Milestone

Dormant addresses holding 60 BTC worth $6.18M reactivated after over 12 years. Initial values of these BTC were merely $269, now $6M+. The revival indicates potential market movements or strategic asset shifts. Bitcoin achieves a historic $100,000 milestone, breaking previous psychological barriers. Two dormant Bitcoin addresses have reactivated after 12 to 13 years of inactivity, sparking curiosity in the crypto community. The resurfacing of these early adopters comes during Bitcoin’s record-breaking rally. According to on-chain data from whale trackers, one address, holding 10 BTC (now worth $1.02 million), had remained untouched since 2012 when Bitcoin was valued at just $5. Another address, holding 50 BTC ($5.16 million), was last active in 2011 when the price was only $4.38 per coin. After prolonged dormancy, these two addresses transferred a total of 60 BTC. Originally worth $269, these combined assets are now valued at over $6 million. A dormant address containing 10 #BTC (1,023,075 USD) has just been activated after 12.5 years (worth 50 USD in 2012)! https://t.co/Nr1hIExbnv — Whale Alert (@whale_alert) December 5, 2024 The reactivat… The post Early Bitcoin Addresses Move $6M as BTC Hits $100K Milestone appeared first on Coin Edition .

Source: Coin Edition