Bitcoin

Old Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/old-bitcoin-wallets-reactivate-and-move-significant-funds/" data-wpel-link="internal">Old Bitcoin Wallets Reactivate and Move Significant Funds</a> 
Some dormant Bitcoin addresses, inactive for over 15 years, have suddenly begun transferring hundreds of BTC. 
<h2 id="old-bitcoin-miners-take-action">Old Bitcoin Miners Take Action</h2> 
The whale monitoring bot Whale Alert reported on Friday that a total of 250 BTC, worth over $15.9 million, was transferred from five long-unused Bitcoin wallets. 
According to digital asset tracker Lookonchain, these five wallets are linked to Bitcoin miners, each having received 50 BTC in January or February 2009. 
<blockquote> 
 “Please note that many miner wallets have transferred BTC after more than 15.5 years… These wallets received a 50 BTC mining reward back in 2009.” 
</blockquote> 
Data from Bitinfocharts indicates that one of these old wallets first received 50 BTC on February 2, 2009, and transferred it for a profit of $3.17 million on Friday. 
<h2 id="massive-profit-margins">Massive Profit Margins</h2> 
Other wallets similarly received 50 BTC in the last days of January 2009 and moved funds on Friday for approximately $3.18 million in profit. 
In 2009, Bitcoin’s price was well below $0.01, meaning these wallet holders earned over $8 billion in profit. 
As of the writing of this article, Bitcoin was trading at $63,104, showing a 17.5% increase over the past two weeks. 
These movements highlight that early Bitcoin miners and investors are still active in the market, emphasizing the importance of monitoring substantial <a href="https://en.coin-turk.com/increased-tether-usdt-supply-on-exchanges-signals-market-optimism/" data-wpel-link="internal">cryptocurrency</a> movements. The reactivation of such long-dormant wallets stands out as a development closely watched in the cryptocurrency world. 
The post <a href="https://en.coin-turk.com/old-bitcoin-wallets-reactivate-and-move-significant-funds/" data-wpel-link="internal">Old Bitcoin Wallets Reactivate and Move Significant Funds</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Old Bitcoin Wallets Reactivate and Move Significant Funds

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