Satoshi

2024

Bitcoin

when

Reserve

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<p lang="en-GB" xml:lang="en-GB">Earlier today, prominent blockchain tracker Whale Alert spread the word about several Satoshi-era Bitcoin <a href="https://u.today/dormant-bitcoin-whale-stuns-binance-with-massive-btc-sale">wallets awakening</a> after staying in hibernation for more than 15 years.</p>
<h2 id="five-dormant-2009-bitcoin-miners-suddenly-reemerge">Five dormant 2009 Bitcoin miners suddenly reemerge</h2>
<p lang="en-GB" xml:lang="en-GB">However, analytics account @lookonchain has published a post, revealing that within a single hour, five dormant Bitcoin wallets have awakened, each containing 50 BTC – the equivalent of $3.18 million. By November 2012, when the halving took place, the Bitcoin network had reached 210,000 blocks.</p>
<p lang="en-GB" xml:lang="en-GB">All of them are miners who earned their 50 BTC for generating a Bitcoin block in 2009 – the year that the world’s pioneer cryptocurrency was launched by enigmatic Satoshi Nakamoto. Back then, a block reward constituted 50 BTC until the first BTC halving in 2012, when it was slashed to 25 BTC.</p>
<blockquote>
 <p lang="en" dir="ltr">Please note that many miner wallets dormant for more than 15.5 years are transferring <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>!5 miner wallets have transferred 250 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($15.9M) in the past hour.These wallets received 50 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($3.18M) as mining rewards per block back in 2009.Address:… <a href="https://t.co/HktJivt7Qy">pic.twitter.com/HktJivt7Qy</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1837031861819674881?ref_src=twsrc%5Etfw">September 20, 2024</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">All five of these wallets transferred 250 BTC in total – an amount of Bitcoin valued at almost $16 million overall.</p>
<h2 id="bitcoin-price-regains-63-000">Bitcoin price regains $63,000</h2>
<p lang="en-GB" xml:lang="en-GB">This week, the world’s flagship cryptocurrency, Bitcoin, has experienced major momentum, gaining more than 11% in total as it rose from $57,600 to the $64,000 level.</p>
<p lang="en-GB" xml:lang="en-GB">The price surge in the past 24 hours has been 3.36%. However, it was followed by a marginal drop, and at the time of this writing, BTC is changing hands at $63,545. This impressive growth was triggered by the decision of the Fed Reserve to <a href="https://u.today/bitcoin-surges-as-fed-goes-for-massive-rate-cut">slash the annual interest rate</a> by 50 basis points.</p>
<p lang="en-GB" xml:lang="en-GB">This is the first interest rate cut initiated by the world’s most important central bank in the past four years, as it has pivoted to a dovish stance.</p>

Satoshi-Era Bitcoin Miners Awaken En Masse Within One Hour – What’s Happening?

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