Bitcoin's price has been trading sideways and struggling to clear resistance levels, but there has been a major development with the awakening of a dormant wallet that held 100 BTC since 2012. The value of these coins has surged to over $6 million, resulting in a significant profit for the wallet owner. The reason for the wallet's reactivation is unknown, but it is likely that the coins will be sold to capitalize on the gains. This development highlights the potential for astronomical profits from long-term Bitcoin holding and showcases the growth of Bitcoin's price over the years. Despite a brief crash, Bitcoin has recovered to the current support level, and its trading volume has increased, suggesting traders are helping to mitigate losses and potentially push the price higher.
- Content Editor ( u.today )
- 2024-10-11
Satoshi-Era Bitcoin Wallet Emerges With 994,495% Profit