Bitcoin

<ul><li>Bitcoin&#39;s price has surged to $27,250.02, marking a 1.40% increase in the last 24 hours, attracting attention.</li><li>The crypto maintains its top position in the crypto market with a market capitalization of $531,785,804,625.</li><li>Strong trading volume of $8,030,812,865 in the past 24 hours signifies robust market activity and investor engagement.</li><li></li></ul>In a surprising turn of events, Bitcoin recently surged to $27,000, and experts suggest that the transfer of a substantial quantity of older, long-dormant coins influenced this remarkable price movement. The crypto market was abuzz with the largest amount of these &#34;sleeping&#34; Bitcoin tokens changing wallets since July. This development has caught the attention of investors and analysts alike, as it indicates a potential reversal in price direction.Crypto analytic firm Santiment reported a significant shift in Bitcoin&#39;s trajectory, attributing its return to $27K to the movement of long-dormant coins:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/80256df724f84f4a92fc2624f623a467.png" />The Age Consumed metric, a key indicator in the crypto world, has shown significant spikes during this period. This metric measures the average age of Bitcoin tokens changing hands on the blockchain, and it can provide valuable insights into market dynamics. In this case, the Age Consumed spikes signify that older, stagnant coins have started to move, which often signals a shift in the overall market sentiment.<a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC) </a>is trading at $27,250.02, representing a 1.40% increase over the past 24 hours. With a market capitalization of $531,785,804,625, Bitcoin maintains its position as the leading cryptocurrency, holding the number one spot. The trading volume for the last 24 hours stands at $8,030,812,865, indicating strong market activity.Read full article at <a href="https://cryptotale.org/bitcoin-btc-price-surges-past-27000-amid-dormant-coin-movements/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin (BTC) Price Surges Past $27,000 Amid Dormant Coin Movements

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