- A Bitcoin whale from 2009 transferred $3.58M BTC to Kraken, marking significant activity from a wallet dormant for years.
- The recent movement involved Bitcoin mined one month after the cryptocurrency’s launch, raising attention across the crypto world.
- Bitcoin’s price surged to over $62K after strong U.S. jobs data, recovering from a 6% drop earlier in the week.
A Bitcoin whale holding over $72.5 million worth of Bitcoin, first mined in 2009, has moved a significant amount to Kraken. The whale sent $3.58 million worth of Bitcoin in its latest activity yesterday. According to Arkham Intelligence, this Bitcoin was mined just one month after Bitcoin’s launch in early 2009. The movement marks one of the largest transfers from a dormant wallet in recent years.
Significant Transfer from a Dormant Bitcoin Wallet
This transfer follows a smaller movement on September 24, when the same whale sent 5 BTC to Kraken. Despite the recent activity, the wallet still holds a substantial amount of Bitcoin. Currently, it has an approximate balance of 2,049.95 BTC, valued at around $72.5 million. Such movements have drawn significant attention due to the historical nature of the coins and the wallet’s long inactivity.
Bitcoin Price Surges After U.S. Jobs Report
Meanwhile, Bitcoin experienced a notable 3% price surge on Friday, reaching over $62,000. This uptick followed the release of stronger-than-expected U.S. jobs data, which showed an addition of 254,000 jobs in September. The positive economic outlook has sparked renewed optimism among investors, pushing Bitcoin and other cryptocurrencies upward. Bitcoin’s climb was mirrored by similar gains in Ethereum and XRP.
Recent Market Movements and Outlook
Before the latest surge, Bitcoin had dropped by 6% earlier in the week, falling to around $60,000. However, the anticipation of favorable jobs data helped the cryptocurrency market rebound. Following the official release of the U.S. payroll figures, Bitcoin initially dipped but quickly regained momentum, climbing past $62,000. The cryptocurrency market remains volatile, with price movements closely tied to economic data and market sentiment.
Bitcoin’s recent price recovery, coupled with the whale’s significant transfer, highlights the ongoing dynamism within the cryptocurrency landscape.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
