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Satoshi-Era Dormant Whale Makes Big BTC Move

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Sat, 5/10/2024 - 9:53
Satoshi-Era Dormant Whale Makes Big BTC Move
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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.

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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.

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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.

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