U.Today – Earlier today, prominent blockchain tracker Whale Alert spread the news about several Satoshi-era wallets awakening after remaining in hibernation for over 15 years.
Five inactive Bitcoin miners from 2009 suddenly reappear
However, analytics account @lookonchain published an article revealing that in just one hour, five dormant Bitcoin wallets were awakened, each holding 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 their 50 BTC for generating a Bitcoin block in 2009, the year the enigmatic Satoshi Nakamoto launched the world's pioneering cryptocurrency. Back then, the block reward was 50 BTC until the first BTC halving in 2012, when it was reduced to 25 BTC.
The five wallets transferred 250 BTC in total – an amount of Bitcoin valued at nearly $16 million in total.
Bitcoin price recovers $63,000
This week, the world's flagship cryptocurrency, Bitcoin, has seen a huge boost, gaining over 11% in total as it rose from the $57,600 level to the $64,000 level.
The price increase over the past 24 hours was 3.36%. However, a marginal drop followed, and at the time of writing, BTC is trading at $63,545. This impressive growth was triggered by the Federal Reserve’s decision to cut the annual interest rate by 50 basis points.
This is the first rate cut initiated by the world's top central bank in the past four years, after adopting a dovish stance.
This article was originally published on U.Today
